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Midway to Cancel Project in Austin Studio, Optimize Product Development Resources

Midway Games Inc. today announced that it has canceled an as-yet-unannounced project in production in its Austin, TX, facility, and as a result Midway will have a reduction in force of a portion of the affected development team. The studio will remain open and will continue to operate both the Company's Central Outsourcing Group as well as two teams that are working on unnamed prototype projects intended to expand Midway's portfolio of new intellectual property.

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gameinfowire.com
Nick27286524d ago

This method of business always makes me wonders: "Oh damn, we're losing money, we'd better let go those who might make us money!" It may be the only way to make things take off, letting those who aren't making a profit for the company go, but you can only fire so many.

30°

FuRyu teases new game ‘Project Alice’ to be announced on April 25

FuRuy has opened a Twitter account called “Project Alice” teasing a new game announcement on April 25 at 20:30 JST.

50°

44% of games industry professionals have considered leaving the industry as a result of redundancies

New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.

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gamesindustry.biz
Cockney66d ago

Well if that 44% left im sure there would be a lot less redundancies

40°

Stop Killing Games on the latest European Commission public hearing

It's a step forward for Stop Killing Games.

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rockpapershotgun.com