Thursday, May 24, 2012

Report: Schilling’s Video Game Company Lays Off All Staff | TPMMuckraker

Report: Schilling’s Video Game Company Lays Off All Staff | TPMMuckraker:

'via Blog this'

Please more government money


Originally posted on talking point memo:

Former Red Sox pitcher Curt Schilling’s video game company, 38 Studios, has laid off all its employees, an anonymous source at the company told The Boston Globe on Thursday.
The company, which moved from Massachusetts to Rhode Island in 2010 in exchange for $75 million in guaranteed loans, started to get headlines earlier this month after it missed a $1.1 million loan payment to the state. While it later made the payment, it was reportedly having trouble making payroll. Schilling has asked Rhode Island for more money, but the state has refused.
“There’s no more easy money,” Governor Lincoln Chafee said at a press conference last Friday.
According to the Globe, the Providence-based company had close to 400 employees.

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