Visual effects powerhouse MPC (Moving Picture Company) has shut down its studio in Vancouver, Canada effective immediately. The company employed over 800 vfx workers at one point, though its current staff was far smaller. It is not clear at this point how many people are affected by the shutdown.
MPC Vancouver's employees were told of the shutdown during a meeting this morning. A letter was also sent out that cited "increasing external market pressures in Vancouver and more attractive opportunities in other locations" as the reason for the shutdown. The full text of the letter, which was posted online by an anonymous person, can be read below.