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Tippett Studios Lays Off 40 Percent of Its Staff [UPDATED]

The Hollywood Reporter confirmed today that the Berkeley-based VFX studio Tippett Studio has laid off 40% of its workforce, or approximately 50 employees. The 30-year-old vfx/animation studio, which was responsible for the animation in Seth MacFarlane’s Ted, has indicated the possibility of additional layoffs. Its full-time staff currently numbers around 100 people.

UPDATE: Tippett Studio owner Phil Tippett posted a rebuttal on Facebook to the Hollywood Reporter story. He says it was “a misleading headline and article.” Read his full statement HERE.