Former MLB pitcher Curt Schilling lays off entire staff of video game company
Former major league pitcher Curt Schilling has laid off all the employees of his Rhode Island-based video game company, 38 Studios, according to a report in the Boston Globe.
Rhode Island governor Lincoln Chaffee told the Globe that state officials have not been able to confirm the total number of people who have lost their jobs, but Schilling told CNBC's Darren Rovell two months ago that he had nearly 400 employees.
An e-mail to employees obtained by WPRI-TV in Providence called the company-wide layoff "absolutely necessary."
Rhode Island lured 38 Studios from Massachusetts with a $75 million loan guarantee, but the company missed a payment this month, asked for more financial help, and was unable to make its May 15 payroll.
Schilling has said that he sunk $30 million of his own savings into the company, which has released one game, Kingdoms of Amalur: Reckoning, that supposedly has sold more than a million units.