At Rhythm & Hues all-staff meeting: blunt talk about layoffs, foreign subsidies

World News: . []

LOS ANGELES (TheWrap.com) - The 1,400 employees at Rhythm & Hues have been bracing for the worst ever since TheWrap broke the news last week that the Oscar-winning visual-effects shop was mired in financial difficulties and might be acquired by Prime Focus. But that deal fell apart. And on Monday, founder John Hughes called designers and artists to a town-hall meeting at Rhythm & Hues' El Segundo headquarters to paint a bleak financial picture, an employee at the meeting told TheWrap. ...

Read More: http://news.yahoo.com/rhythm-hues-staff-meeting-blunt-talk-layoffs-foreign-010908500.html

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