Splice

Things are not looking good for Avid Technology right now! According to this source Avid has announced that 129 employees have been layed off due to restructuring. 118 of those coming from their video division. We all heard a little while back that David Krall would be stepping down as president and chief executive officer on July 31. To make things worst their last quarter’s financial results posted a net loss of $6 million.

Could this be a long awaited turning point for Apple? I hope so.

If you work with Adobe After Effects you’re probably very familiar with the awesome Trapcode plugins. Recently all sales and support for Trapcode have been taken over by Red Giant Software and new versions of their Starglow, Shine and 3D Stroke plugins have just been released. The great news is that they now function in a variety of new apps like Final Cut Pro, Motion, Avid and Premiere Pro. Sadly their Particular plugin has yet to be updated for FCP and Motion. If you haven’t seen Particular in action check this out: Polar 2007.