Thursday, June 14, 2012

38 Studios: a spouse speaks out

In light of the bankruptcy filing of Rhode Island-based videogame company 38 Studios, Gamasutra has published an anonymous letter from the spouse of an employee, that gives the perspective from one of the "foot soldiers" caught in the middle of this ongoing mess.

38 Studios was founded two years ago by former Boston Red Sox pitcher Curt Schilling. It was brought to Rhode Island via a $75 million state-backed loan. The company took out an $8.5 million loan this year based on film tax credits that were never actually granted by the state. In late May, 38 Studios defaulted on a loan payment to the state and was forced to lay off nearly four hundred employees. Two weeks later it declared bankruptcy.

The family's tale is a sad one, but it's worth a read. And of course, it begs the question: how much different would things have been for them, and hundreds of others, if there had been a union?


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