DreamWorks will downsize its 150-person staff by about 15% as the company gets going with its Indian cash, says Deadline Hollywood Daily.

The Reliance deal will inject some $500 million into DreamWorks coffers with an additional half bil being raised on Wall Street, though that may not be so definite these days with the current state of the economy.

As noted last week on FBLA, President of Production Adam Goodman is gone, firmly ensconced in the Paramount fold, but senior executives Holly Bario and Mark Sourian will end up as co-presidents of production at Dreamworks 2.0 with about four execs following them. DreamWorks COO Jeff Small will follow studio chief Stacey Snider.

DreamWorks publicity did not return calls to FBLA.