The ongoing financial struggles at the Rhode Island-based 38 Studios came to a head this afternoon, as an affected source has confirmed to Gamasutra that 38 Studios and its subsidiary Big Huge Games have laid off their entire staff.
This news follows a long string of problems that came to light within the last few weeks, shortly after the company failed to meet the deadline for a major loan payment to Rhode Island state.
This is the email that was sent to the staff of the company this afternoon:
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.
http://gamasutra.com/view/news/171015/3 ... _staff.php