TITLE

Midway to Cut Staff, Close Studio

AUTHOR(S)
Lee, Michael
PUB. DATE
December 2008
SOURCE
Red Herring;12/16/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article announces the plan of video game developer and publisher Midway Games to lay off 25 percent of its workforce, close its studio in Austin, Texas, and halt development on several non-core games. Although the names of the suspended games have not been disclosed, the titles were scheduled to be released sometime in 2010 or 2011. According to Midway chief executive officer (CEO) Matt Booty, the cost-reduction measures are vital for us to rationalize our operations and provide the resources necessary for our core properties to succeed.
ACCESSION #
36602801

 

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