Tippett Announces Layoffs

In a further sign of the turbulent VFX times, 30-year-old Tippett Studio (Ted) has laid off 40% of its work force Friday, accordingĀ  to The Hollywood Reporter, with the possibility of more pink slips to come.

More thanĀ 50 visual effects designers were let go, leaving a staff of 100 full-timers still working at the studio founded by stop-motion guru Phil Tippett.

“We’re hibernating, figuring out a way to reinvent and scale down because there’s a lag in work obviously and there’s such upheaval in the visual effects industry, period,” said CEO/president Jules Roman.

“We’re not sure where it’s all going, but we think it’s probably going north,” she added, referring to recent losses to Canada-based effects houses, which lure Hollywood studios with enticing tax credits.

The layoffs come in the wake of Rhythm & Hues’ bankruptcy and apparent acquisition this week by an affiliate of Prana Studios.

However, Tippett clarified the situation:

“As we wrap our current work on After Earth, we have been slowly scaling down the work force and reducing our overhead, until we have something large enough to justify carrying a large staff, so that we can be here when our clients call. We are retaining our core talent, and will use that talent to re-staff the studio when larger projects, that need more artists, are in production.”

Posted on by Bill Desowitz in 3-D, Animation, Movies, Oscar, stop-motion, Tech, VFX, Virtual Production

One Response to Tippett Announces Layoffs

  1. Mad as hell

    We should just start our own movie studio. The majors are not going to give us anything.

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