Midway Lays Off Nearly 70% of Austin Branch Staff, Cancels Unannounced Project

**MIG-31** · Aug 12, 2008, 07:06 AM

Publisher Midway has laid off 90 of its Austin studio's 130 employees and cancelled an unannounced project in development, the developer announced today.

The layoffs were part of a "strategic workforce reduction" enacted by the troubled publisher, which will see a cut of about 10% of the company's global workforce. Interim CEO Matt Booty expressed remorse over the reduction.
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Source: Shacknews

Aug 12, 2008, 07:06 AM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Midway Lays Off Nearly 70% of Austin Branch Staff, Cancels Unannounced Project Publisher Midway has laid off 90 of its Austin studio's 130 employees and cancelled an unannounced project in development, the developer announced today. The layoffs were part of a "strategic workforce reduction" enacted by the troubled publisher, which will see a cut of about 10% of the company's global workforce. Interim CEO Matt Booty expressed remorse over the reduction. ____________ Source: Shacknews __________________ Please Post Your News Submissions Here