DreamWorks Layoffs - What Does It Mean For Our Industry?

DreamWorks - big layoffs

At the end of January DreamWorks announced big layoffs in their animation division, bad enough for the Los Angeles based artists who were laid off, but a disaster for Bay Area studio PDI, which is now to be closed.  PDI, for those who don't know, created ANTZ, the first non-Pixar CG animated feature film to reach the big screen. So, what does all this mean for our industry?