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Midway Fires 25% of Staff, Cancels Games Under New Cost-cutting Initiative
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Posted by Donster on: 2008-12-16 15:38:26 280
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By Chris Faylor @ ShackNews
Facing $240 million of debt, struggling publisher Midway has announced a cost-cutting plan that will see the company axe 25% of its workforce and cancel several games.
Under the plan, Midway will close its Austin-based development branch, which was most recently responsible for 'BlackSite: Area 51'. After the shooter released, creative director Harvey Smith described the game's development as "so f**ked up."
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News Source: Email
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