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/

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

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PeetzuhPosted:

M60 Sucks i didnt even get to try it out


I didn't either. :/

AcedPosted:

Minecart
VEVO I wonder why they've had to go through all this. The company created a new way to game basically. Sad that it had to be sold. :(


Sure is.

I never even tryed it out. :(


Yeah how come no one even heared of this, seems like wevee been missing out

CearnsyPosted:

Panty I've been with onlive since they started beta testing. It's a service where they stream games through their servers to your computers and now TV's with their microconsole and the new google TV's coming out. Basically it's a streaming service that allows not so great computers, even macs, to run high end games though with some lag inputs.

It's hard to see some people being let off like that, considering onlive's community managers are really great with communicating with their customers and fan base. Sad to see people I knew let off or leave like that.

But then again Steve Perlman was the CEO. I knew right from the start things would go downfall from then on.


Sucks i didnt even get to try it out

PeetzuhPosted:

VEVO I wonder why they've had to go through all this. The company created a new way to game basically. Sad that it had to be sold. :(


Sure is.

I never even tryed it out. :(

MazurPosted:

VEVO I wonder why they've had to go through all this. The company created a new way to game basically. Sad that it had to be sold. :(


blame it on the unknown third party :P

yayPosted:

VEVO I wonder why they've had to go through all this. The company created a new way to game basically. Sad that it had to be sold. :(


Damn that unknown third party company! D:

VEVOPosted:

I wonder why they've had to go through all this. The company created a new way to game basically. Sad that it had to be sold. :(

SendPosted:

Bad Decision....Smh

MazurPosted:

Minecart
Mazur what exactly is OnLive?


It's a website where you play games... I think.


oh cool, wish i knew about it before half the staff got fired lol

PeetzuhPosted:

M60
Scanty
Minecart
Mazur what exactly is OnLive?


It's a website where you play games... I think.


Right, you sign up and play games.


Really this sounds like it will be good then i wish they could bring this to xbox


That would be pretty cool if it came to Xbox! :o


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