Midway Lays Off Corporate Staff, CEO
The demolition of Midway [http://www.midway.com/] continues as all 60 employees at the company's corporate headquarters in Chicago have been given layoff notices, including CEO Matt Booty.
Midway has given a 60-day layoff notice to employees at its corporate office, which is being shut down in the wake of the company's acquisition by pull the plug [http://www.wbie.com/] on Midway's Newcastle studio, which also fell victim to the Warner takeover.
Midway is continuing the seek a buyer for its San Diego studio, developer of the Mortal Kombat [http://www.tnagame.com/] franchise; all 100 employees at the studio have been offered jobs with WBIE.
With that, the dismantling of the once-proud Midway is almost complete. News surfaced earlier in the week that the Midway brand itself would be dropped [http://www.escapistmagazine.com/news/view/93087-Update-R-I-P-Midway-Games-The-Name-Anyway] in favor of something tied to the Warner Bros. name and while company rep Geoff Mogilner later said those reports were "premature," it seems irrelevant at this point: Midway, for all intents and purposes, no longer exists.
Source: Chicago Tribune [http://www.chicagotribune.com/business/chi-fri-midway-gamesjul17,0,473959.story]
Permalink
The demolition of Midway [http://www.midway.com/] continues as all 60 employees at the company's corporate headquarters in Chicago have been given layoff notices, including CEO Matt Booty.
Midway has given a 60-day layoff notice to employees at its corporate office, which is being shut down in the wake of the company's acquisition by pull the plug [http://www.wbie.com/] on Midway's Newcastle studio, which also fell victim to the Warner takeover.
Midway is continuing the seek a buyer for its San Diego studio, developer of the Mortal Kombat [http://www.tnagame.com/] franchise; all 100 employees at the studio have been offered jobs with WBIE.
With that, the dismantling of the once-proud Midway is almost complete. News surfaced earlier in the week that the Midway brand itself would be dropped [http://www.escapistmagazine.com/news/view/93087-Update-R-I-P-Midway-Games-The-Name-Anyway] in favor of something tied to the Warner Bros. name and while company rep Geoff Mogilner later said those reports were "premature," it seems irrelevant at this point: Midway, for all intents and purposes, no longer exists.
Source: Chicago Tribune [http://www.chicagotribune.com/business/chi-fri-midway-gamesjul17,0,473959.story]
Permalink