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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Nick27283721d 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.