Midway Cuts Staff, Games
In its first major move since Sumner Redstone sold a controlling stake, video game company Midway Games unveiled several cutbacks Tuesday, including a 25 percent staff reduction.
The company behind the Mortal Kombat franchise has struggled to create new hits and said the economic downturn has “amplified” its challenges.
Overall, video game sales have remained strong across the industry despite economic woes.
In addition to the layoffs of about 180 employees in its Austin, Chicago and San Diego offices, Midway also is shuttering an Austin studio and suspending development work on unnamed, noncore games that had been scheduled for 2010 and 2011.
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