![[HTML]](images/html.gif "Visit Website")
![[XML]](images/xml.gif "Syndication Feed")
![[PERM]](images/perm.gif "Permalink")
![[FULL]](images/full.gif "See all articles from this feed")
- Just when it looked like there was a little hope, there is crushing news. Brian Crescente of Polygon is reporting that the entirety of 38 Studios has been laid off.
- This post will be updated as details appear.
- Update 1: - Here is the text of the company-wide memo that went out to all employees today, from Ted Nesi of WPRI:
The Company is experiencing an economic downturn. To avoid further losses and possibility of retrenchment, the Company has decided that a companywide lay off is absolutely necessary.
These layoffs are non-voluntary and non-disciplinary.
This is your official notice of lay off, effective today, Thursday, May 24th, 2012.
© 2012 Marty Runyon. All rights reserved.
If you're reading this on a site other than Bullet Points, be aware that this post has been stolen and is used without permission.