PDI/DreamWorks Closing; Half Of Staff Laid Off
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As part of its restructuring announced today,DreamWorks Animation will be shutting down PDI/DreamWorks, its computer animation production company in Redwood City, CA. Half of PDI’s 450 workers will lose their jobs; the others will be offered positions at the DWA campus in Glendale.
DreamWorks Animation acquired a 40% stake in Pacific Data Images in 1995 and completed the buyout following the success of 1998’sAntz, renaming the company PDI/DreamWorks. It would go on to produce Shrek, Shrek 2, Madagascar, Shrek The Third,Madagascar: Escape 2 Africa, Mr. Peabody & Sherman,How to Train Your Dragon 2, and Penguins Of Madagascar.Shrek won the first Oscar for Best Animated Feature in 2002, andHow to Train Your Dragon 2 has been nominated this year.
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6 Comments
They’re smart people. Otherwise they wouldn’t be working there. They can easily find work somewhere else. I’m quite sure they’re stock is worth something.
- Anonymous
:(
Didn’t PDI do DWA’s best work…this doesn’t make a lot of sense. But frankly none of Katz’s decisions make much sense these days.
- Anonymous
no doubt they’ll be hiring the cheapest people possible in Asia – like every other Silicon Valley company
- Anonymous
No one cares about people and their lives. Just selfish currency.
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