Thursday, May 24, 2012

News Filter: 38 Studios Gutted

  • Just when it looked like there was a little hope, there is crushing news. Brian Crescente of Polygon is reporting that the entirety of 38 Studios has been laid off.

  • This post will be updated as details appear.

  • Update 1 - Here is the text of the company-wide memo that went out to all employees today, from Ted Nesi of WPRI:
    The Company is experiencing an economic downturn. To avoid further losses and possibility of retrenchment, the Company has decided that a companywide lay off is absolutely necessary.

    These layoffs are non-voluntary and non-disciplinary.

    This is your official notice of lay off, effective today, Thursday, May 24th, 2012.

  • Update 2 - Ryan Shwayder and Steve Danuser have posts about the shutdown on their respective blogs.

  • Update 3 - The IGDA has a list of resources for the recently unemployed here.

© 2012 Marty Runyon. All rights reserved.

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