From Cartoon Brew: "DreamWorks just announced to it staff that it will shut down one of its main studios, PDI DreamWorks, in Redwood City, California. The closing of that studio will begin immediately. The beleaguered animation studio also announced that 500 jobs will be eliminated, far more than the previously expected number of layoffs. The studio is cutting back its slate to two DreamWorks-produced films per year: one original film and one sequel."
Sympathies to all, and best wishes getting everything back on track.