British animation company Jellyfish Pictures Ltd., which earlier this month paused all operations while “exploring all options for sale and investment,” is shutting down, part of the ongoing turmoil in the global animation and vfx industries.

In a statement earlier this month, the company blamed the “long-tail impact of Covid, coupled with rising costs and the fall-out from the writer and actor strikes” as the reason for its struggles.

The company’s remaining 69 workers are being laid off, with a handful remaining onboard temporarily to help wind down operations.