As part of its restructuring announced today, DreamWorks Animation will be shutting down PDI/DreamWorks, its computer animation production company in Redwood City, CA. Half of PDI’s 450 workers will lose their jobs; the others will be offered positions at the DWA campus in Glendale.

DreamWorks Animation acquired a 40% stake in Pacific Data Images in 1995 and completed the buyout following the success of 1998’s Antz, renaming the company PDI/DreamWorks. It would go on to produce ShrekShrek 2MadagascarShrek The Third, Madagascar: Escape 2 AfricaMr. Peabody & Sherman, How to Train Your Dragon 2, and Penguins Of Madagascar. Shrek won the first Oscar for Best Animated Feature in 2002, and How to Train Your Dragon 2 has been nominated this year.