OnLive losing 'at least 50 percent of staff,' bought out by unknown third-party

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OnLive let go "at least 50 percent" of its staff today, Engadget learned, and the company was purchased by an unknown third-party. A former employee confirmed layoff reports that popped up earlier this afternoon and recounted the events that led to today's firings.

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.

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Source: http://www.joystiq.com/2012/08/17/onlive-losing-at-least-50-percent-of-staff-purchased-by-unkno/

Comments

"OnLive losing 'at least 50 percent of staff,' bought out by unknown third-party" :: Login/Create an Account :: 115 comments

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AIexisPosted:

Feel sorry for those people :'(

PeetzuhPosted:

xbox48hrs wow thats alot


Yes indeed it is..

Commando_84Posted:

wow thats alot

ChugJugPosted:

Minecart
M60
Emazing-Lights
GFX- Sucks for them but i dont have a job eithe nor do i need one im 15 i dont need one yet anyway


Haha but you will soon bro. ;)


Yeah i need one soon also but with the job market i probably wont find one easy and i didnt know onlive had a mobile app


I work at K-Mart. :/

I usually help people carry their bags to their car. :)


K marts are awesome lol.

PeetzuhPosted:

M60
Emazing-Lights
GFX- Sucks for them but i dont have a job eithe nor do i need one im 15 i dont need one yet anyway


Haha but you will soon bro. ;)


Yeah i need one soon also but with the job market i probably wont find one easy and i didnt know onlive had a mobile app


I work at K-Mart. :/

I usually help people carry their bags to their car. :)

CearnsyPosted:

Emazing-Lights
GFX- Sucks for them but i dont have a job eithe nor do i need one im 15 i dont need one yet anyway


Haha but you will soon bro. ;)


Yeah i need one soon also but with the job market i probably wont find one easy and i didnt know onlive had a mobile app

InspiringGraphicsPosted:

Firefan
Scanty
Minecart
Aced
Minecart
Aced
Minecart
App I did not even get to use the App :(


Me neither.

It seems a lot of people missed out. :/


Everyone did, the word never really spready around here i guess


That really sucks, this seemed really cool. :/


Yeah it did, but i doubt i would of used it, lol, im not the type that would like this type of thing


I'm not that big into this stuff either, but it's something to do when your bored out of your mind. :/


It was pretty fun when you were bored online.


With the mobile app, you could/can play L.A. Noire on your smartphone, which I think is BA even though I've never played the game.


The mobile app is still awesome, you can play games on the, it's great for android devices, and if you are using a tablet, you can use your smartphone as a wifi hotspot.

EmazedPosted:

GFX- Sucks for them but i dont have a job eithe nor do i need one im 15 i dont need one yet anyway


Haha but you will soon bro. ;)

FirefanPosted:

Scanty
Minecart
Aced
Minecart
Aced
Minecart
App I did not even get to use the App :(


Me neither.

It seems a lot of people missed out. :/


Everyone did, the word never really spready around here i guess


That really sucks, this seemed really cool. :/


Yeah it did, but i doubt i would of used it, lol, im not the type that would like this type of thing


I'm not that big into this stuff either, but it's something to do when your bored out of your mind. :/


It was pretty fun when you were bored online.


With the mobile app, you could/can play L.A. Noire on your smartphone, which I think is BA even though I've never played the game.

ChugJugPosted:

Sucks for them but i dont have a job eithe nor do i need one im 15 i dont need one yet anyway