Tuesday, August 12, 2008

Midway to Slash Austin Studio's Workforce

Chicago based video game publisher Midway Games Inc. reported Monday that it has a canceled an as-yet-unannounced project currently in production at its development studio in Austin, Texas. As a result, Midway said, the company will eliminate nearly 70 percent (90 of 130) of its Austin workforce. Midway said the studio will remain open and will continue to operate the company’s Central Outsourcing Group. Additionally, Midway noted, two teams at the studio will remain working on undisclosed prototype projects with the aim of expanding the company’s intellectual property portfolio.