38 Studios Lays Off Entire Staff
by GL News
It seems that the woes of 38 Studios have increased, as news comes that the troubled company has now laid off its entire staff. Not only has the Kingdoms of Amalur: Reckoning developer suffered, but so has its sister company, Big Huge Games, which has reportedly been shut down. Several company emails have been shared with media outlets, and illustrate the dire situation in which the employees now find themselves. Not only have many not received a pay-cheque since 30th April, but their medical insurance looks set to run out, leaving them financially stuck, and also scrabbling to secure interim insurance cover.
What happens now is uncertain, however, two company execs have already stepped down, and it is looking increasingly unlikely that the full tax-payer backed loan, extended to the firm from the RI Economic Development Corporation, will be paid.
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