Curt Schilling Lays Off Workers At His Game Development Studios
According to an article that appeared on May 24, 2012, in the online edition of the ” Los Angeles Times,” Curt Schilling, a former Major League Baseball player turned entrepreneur, was forced to lay off about 400 employees who work at his two online game development studios. Schilling played professional baseball from 1988 to 2008, and he was a part of three World Championship teams.
One of Schilling’s studios, Big Huge Games, has operations in the suburbs of Baltimore, Maryland. The other one, called 38 Studios, was originally located in Massachusetts but moved to Providence, Rhode Island in April 2011 after Schilling secured public financing from Rhode Island in the form of a $50 million loan.
The official internal statement released to employees yesterday, and thereafter leaked to news, reads “The Company is experiencing an economic downturn. To avoid further losses and possibility of retrenchment, the Company has decided that a companywide lay off is absolutely necessary.These layoffs are non-voluntary and non-disciplinary. This is your official notice of lay off, effective today, Thursday, May 24th, 2012.”
In February 2012, 38 Studios marketed its first product, the critically acclaimed video game “Kingdoms of Amalur: Reckoning.” However, 38 Studios defaulted on the loan when it failed to pay the $1.1 million May installment.