OnLive losing 'at least 50 percent of staff,' bought out by unknown third-party
A meeting held this morning by CEO Steve Perlman informed employees that "at least 50 percent of the staff" were to be cut, effective as of 4PM PST today. Employees affected in the layoffs are said to have not been offered severance.
Moreover, OnLive was bought out by an unknown third-party, and an unknown amount of employees will be offered jobs at the newly formed company. It's unclear why OnLive is suddenly shedding so many employees, but the former employee pointed out monthly operating costs of approximately $5 million as at least part of the reason.
For its part, OnLive isn't confirming any layoffs. "We don't respond to rumors, but of course not," a company rep told Joystiq earlier today regarding reports that the company's entire staff was laid off. Reps wouldn't confirm whether other layoffs have occurred.
Vizio's Co-Star player is the latest product featuring OnLive – it's unclear how, if at all, it will be affected by today's layoffs, not to mention the purchase of OnLive by a third-party.
Posted:
Source: http://www.joystiq.com/2012/08/17/onlive-losing-at-least-50-percent-of-staff-purchased-by-unkno/
Related Articles
Comments
illaPosted:
Anyone care to explain what this is? I've heard of it but never followed it. Would be greatly appreciated.
ImNotPhlegmAnymoreOKPosted:
What a gigantic layoff. 50%. That's like half of the employees!!! JK. But seriously what is onlive?
Latest Downloads
- 01. Need For Speed: Underground - Save Game (100% career completed)(0)
- 02. Streets of Rage 4: SaveGame - all characters are open, all alternative moves(1)
- 03. Voices Of The Void: SaveGame (all improvements for work + completed 1 day 2.1b)(1)
- 04. Naruto Clash of Ninja 2 All Characters and Unlocks(0)
- 05. Dark Souls 2 Reskinned Weapons & Most items(0)
- 06. Infinite Stratos 2 - Ignition Hearts(4)
- 07. Silent Hill 2 Remake: SaveGame (ending "Leaving")(1)
- 08. Silent Hill 2 Remake: SaveGame (Step-by-step saves, no deaths, three endings)(5)
- 09. Euro Truck Simulator 2: SaveGame (6.16% Roads, All DLC) [1.51.1.1s](0)
- 10. My Summer Car: SaveGame (Quest: Failed Drift)(0)
- 11. SnowRunner: SaveGame (all trucks are open) [32.1](4)
- 12. [PS4/EU] Hatsune Miku: Project DIVA Future Tone 100% Trophy Save(7)
- 13. Silent Hill 2 Remake: SaveGame (Motel Jacks, NG+)(1)
- 14. Phasmophobia: SaveGame (XX-2000, $594,965,799, 3 apocalypse skulls + bonus)(5)
- 15. Satisfactory: SaveGame (Observation deck)(1)
Latest Tutorials
- 01. PS3 HEN - Audio via a USB headset.(359)
- 02. Stumble Guys | Social Butterfly Achievement(223)
- 03. Last Days of Lazarus Achievement Walkthrough (Xbox/PS)(1,493)
- 04. EDENGATE: The Edge of Life - 100% Trophy/Achievement Guide(1,855)
- 05. Sherlock Holmes Chapter One | Walkthrough | No Commentary(1,495)
- 06. Morbid: The Seven Acolytes | Full Game Walkthrough(2,496)
- 07. Adam Wolfe | Full Game Walkthrough | No Commentary(1,618)
- 08. ALFRED HITCHCOCK: VERTIGO - 100% Walkthrough(1,942)
- 09. SHERLOCK HOLMES THE AWAKENED | Walkthrough | No Commentary(1,370)
- 10. Space Roguelike Adventure | Guide - Cheat Code!(1,559)
- 11. DETECTIVE Stella Porta Case | Trophy & Achievement Guide(1,221)
- 12. Tunic 100% Platinum Walkthrough | Trophy & Achievement Guide(1,860)
- 13. Outbreak: The Nightmare Chronicles Achievement Walkthrough(1,494)
- 14. Full Void 100% - Trophy & Achievement Guide(1,473)
- 15. Outbreak: Lost Hope #Xbox Achievement Walkthrough(2,315)
"OnLive losing 'at least 50 percent of staff,' bought out by unknown third-party" :: Login/Create an Account :: 115 comments