Stan Lee Media is laying off 19 staffers in its production division to cut overhead costs and focus more on internal production, according to company prexy and CEO Kenneth Williams. Layoffs represent 20% of the company’s production staff and 13% of the entire company’s 142 employees.
Williams said the layoffs are a result of the Internet company outsourcing its animation work to cheaper production houses overseas. Character creation, storyboarding and post production will still be done inhouse among its 65 staffers.
News comes as company, formed last year by the former Marvel comic book icon, is readying to begin work on animated versions of Conan the Barbarian and Gene Roddenberry’s “Starship,” as well as continue work on its other slate of Webimated projects.