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Optimist With Doubts
Title: Titlating
Joined: Dec 17 2007
Posts: 5042
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DarknessDeku
Title: Deku Scrub
Joined: Dec 08 2007
Location: The Forest
Posts: 3285
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Hope everything goes well with your brother.
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| i'll_bite_your_ear wrote: |
DarknessDeku is already assimilated by the bots.
He knows your algorithm. |
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Syd Lexia
Site Admin
Title: Pop Culture Junkie
Joined: Jul 30 2005
Location: Wakefield, MA
Posts: 24887
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That fucking sucks. I hope he gets to keep his job.
And tomorrow may mark the end of Midway. Starting tomorrow their debt holders can call in all $150 million of the money the company owes. The company's holdings are current valued at $10 million, so this will spell the immediate and complete destruction of Midway if this happens.
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Ky-Guy
Title: Obscure Nintendo Gamer
Joined: Jul 19 2006
Location: Michigan
Posts: 1418
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Wow, it's bad news all around for the gaming industry. 
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| Syd Lexia wrote: |
| iPhone games are what you play when you can't get at actual games. You know, like how sometimes alcoholics drink mouthwash. |
| Lexiabot9000 wrote: |
| Your love life will be happy and harmonious if you stick to masturbating. |
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Knyte
2010 SLF Tag Champ*
Title: Curator Of The VGM
Joined: Nov 01 2006
Location: Here I am.
Posts: 6749
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| Syd Lexia wrote: |
That fucking sucks. I hope he gets to keep his job.
And tomorrow may mark the end of Midway. Starting tomorrow their debt holders can call in all $150 million of the money the company owes. The company's holdings are current valued at $10 million, so this will spell the immediate and complete destruction of Midway if this happens. |
I wonder how long it will take EA to jump in to buy all of Midways IPs? They'll probably wait under after the creditors gain control of the assets, and then give them some low-ball offer that the finance companies will take, not knowing shit about videogame properties.
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Syd Lexia
Site Admin
Title: Pop Culture Junkie
Joined: Jul 30 2005
Location: Wakefield, MA
Posts: 24887
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As long as they hire Ed Boon, they can do whatever they want. But it'll still suck. Midway, for all their mediocre recent releases and inability to progress past arcade-style thinking were still a great company, and they the last big American game company, not to mention the oldest surviving one.
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Optimist With Doubts
Title: Titlating
Joined: Dec 17 2007
Posts: 5042
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Well my brother just called me and assures me his job is safe for now at least though he is still worried. They have been doing this "restructuring" for a while apparently.
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Lady_Satine
Title: Head of Lexian R&D
Joined: Oct 15 2005
Location: Metro area, Georgia
Posts: 7287
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From the way it reads, it sounds like the layoffs are happenning over in Europe (hence the West designation).
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"Life is a waste of time. Time is a waste of life. Get wasted all the time, and you'll have the time of your life!" |
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Optimist With Doubts
Title: Titlating
Joined: Dec 17 2007
Posts: 5042
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| lordsathien wrote: |
| From the way it reads, it sounds like the layoffs are happenning over in Europe (hence the West designation). |
Well yeah but 1/3 of them were in austin which is why I was worried, appearently the layoffs were in QA which he did used to work in actually so my fears weren't completely unfounded.
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GPFontaine
Joined: Dec 06 2007
Location: Connecticut
Posts: 11244
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Glad to here your bro has a job still.
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