" PROVIDENCE, R.I. (CBS/AP) — 38 Studios, Curt Schilling’s video gaming company laid off its entire staff on Thursday, RI Governor Lincoln Chafee confirmed on Thursday.
“It’s not a good situation. I’m not here to share good news,” the Governor said in a news conference while vowing to continue to work with 38 Studios.
Top Rhode Island officials said they spoke with company executives earlier in the day and executives made no mention about the layoffs during those discussions.
A tech and video gaming blog first reported the news of the layoffs.
Earlier in the day, an email was sent out to all staff members informing them of the layoffs.
The text of that email, obtained and provided by CBS Affiliate WPRI-TV said:
“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 "
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The entire staff are now without work, and if these layoffs are due to a failure to pay the state's loan back, Rhode Island could now take ownership of the $20 million Amalur IP. The internal memo to the studio's employees was recently found by WPRI, ...Read more
By ERIKA NIEDOWSKI and DAVID KLEPPER PROVIDENCE, RI (AP) — Former Boston Red Sox pitcher Curt Schilling's faltering video game company, which received a $75 million loan guarantee to move to Rhode Island in 2010, laid off its entire staff on Thursday.Read more