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, according  to The Hollywood Reporter, with the possibility of more pink slips to come.

More than 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.

Reply to Mad as hell