Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 22, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Former relocated 38 Studios employees stuck with second mortgages - report

Former relocated 38 Studios employees stuck with second mortgages - report

May 28, 2012 | By Mike Rose

May 28, 2012 | By Mike Rose
Comments
    23 comments
More: Console/PC, Business/Marketing



A number of former 38 Studios employees may be stuck with second mortgages after discovering that the company hadn't sold their previous homes as previously promised, according to media reports.

The Rhode Island-based Kingdoms of Amalur: Reckoning house was forced to lay off its entire staff last week, after the studio struggled with financial issues and state debts.

Several sources directly impacted by this latest problem have now told Polygon that they were under the impression that 38 Studios had sold their previous homes as part of the company's Rhode Island relocation program.

However, they found out this week that this was not the case. One former employee said that they were contacted by their bank this week, asking why the mortgage on their Massachusetts home wasn't being paid.

The relocation program was in place to aid employees in moving from Massachusetts to Rhode Island when the company relocated its headquarters, according to the report. A 38 Studios official said that the company is currently looking to find a resolution for the problem.

Rhode Island state officials said that they had no independent knowledge of the mortgage issue.


Related Jobs

Disbelief
Disbelief — Chicago, Illinois, United States
[11.22.19]

Senior Programmer, Chicago
Disbelief
Disbelief — Chicago, Illinois, United States
[11.22.19]

Junior Programmer, Chicago
Sony PlayStation
Sony PlayStation — San Diego, California, United States
[11.22.19]

Environment Outsource Review Artist
Sony PlayStation
Sony PlayStation — San Diego, California, United States
[11.22.19]

Concept Artist









Loading Comments

loader image