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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.
tags: Midway Games | Video Game | Lay Off |

AOL to Lay Off 700 Next Month, Mostly From Virginia Headquarters

Authored by dmw on November 2, 2004 - 9:29am.
Dulles, Va. -- Needing to trim expenses in response to mounting subscriber losses, America Online may be on the verge of cutting more than 700 of the roughly 5,000 jobs at its Dulles, Virginia headquarters, The Washington Post reported on Tuesday. The cuts will likely take place in December, according to the article. AOL is searching for a way to turn around its financial fortunes after losing about 3.3 million U.S. subscribers since 2002. In the past two years, many subscribers have fled AOL in search of either faster broadband connections or cheaper dial-up prices. The Post said that AOL is attempting to meet its internal goal of producing about $1 billion in cash annually for parent company Time Warner. AOL, which claims a total of 23.4 million subscribers, employs a total of around 20,000 people, of which 13,000 are based in the U.S.
tags: AOL | Virginia | Lay Off | Headquarters |

BBC New Media to Lay Off 100 Employees

Authored by Mark Hefflinger on March 14, 2003 - 5:17am.
London -- BBCi, the new media division of the British broadcaster, announced that it will lay off 100 employees in the next six months to a year, as it shifts from more Web-based initiatives into interactive television. The company said the changes come as it moves "from a phase of high initial investment into a period of consolidation which sees increased resource in interactive TV; an even more robust technical architecture and infrastructure; and easier access to BBCi content through improved distribution." The BBC said that affected employees work in its interactive factual and learning, interactive development and services (new media central) and radio and music interactive departments. http://www.bbc.co.uk/pressoffice/pressreleases/stories/2003/03_march/12/new_media.shtml
tags: BBC | Lay Off | Employees |

Report: CNET To Lay Off 80 Employees

Authored by Mark Hefflinger on January 14, 2003 - 6:48am.
San Francisco -- After weeks of speculation, CBS Marketwatch reported that San Francisco-based CNET Networks, a technology-focused media company, will lay off about 80 employees. The move comes two weeks before the company releases its fourth-quarter financial results. Employees were reportedly notified on Monday that layoffs would be forthcoming. The company cut about 190 employees last June. http://shorterlink.com/?QB15W4
tags: Reports | CNET | Lay Off | Employees |