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Video Game Publisher Midway Games to Lay Off Up to 11% of Staff

Authored by Mark Hefflinger on December 20, 2005 - 7:16am.
Chicago - Video game publisher Midway Games, creators of the "Mortal Kombat" franchise, plans to lay off up to 11% of its global workforce, or up to 96 jobs, the company said in an SEC filing on Friday. The company said the cuts will "reduce the company's cost structure and increase product development synergy and efficiency," adding that it will incur $13 million in charges related to severance and other costs. Last week, the company shuttered its Midway Australia unit -- formerly developer Ratbag Studios -- only four months after completing the acquisition.
http://biz.yahoo.com/e/051216/mwy8-k.html
http://www.gamesindustry.biz/content_page.php?aid=13717
http://www.midway.com
tags: Midway Games | Video Game | Lay Off |

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