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[Mashable/Joystiq] OnLive Said to Lay Off Entire Staff - Page 4

post #31 of 72

8/17/12 at 3:51pm

Bonkers
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Quote:

According to the account, a meeting was held at OnLive's offices at 10AM this morning, wherein the company's CEO announced a massive staff layoff -- at least 50 percent of the staff, according to our source's numbers. The layoffs come as part of across the board cuts to the company, and all those out of a job will have their key cards deactivated as of 4PM local time today. The source was understandably baffled by the abruptness of the news, along with the added blow that no severance will be offered and stock holdings are essentially worth nothing.

Source

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post #32 of 72

8/17/12 at 3:52pm

zylonite
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Still waiting for my $1 game deal that happened last year

. oh well....Good luck to the employees.

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post #33 of 72

8/17/12 at 3:52pm

Pillz Here
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I knew this was going to happen, just didn't know when exactly. Onlive was terrible. Sucks for the employees though.

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post #34 of 72

8/17/12 at 4:06pm

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

Quote:

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.

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post #35 of 72

8/17/12 at 4:09pm

bojinglebells
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while it sucks people lost jobs, the business model was so incredibly dumb that I can't exactly feel that sorry for them

something like onlive is doomed to failure from day 1 until we can break away from our archaic cable/copper infrastructure

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post #36 of 72

8/17/12 at 4:17pm

dealio
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sucks for them..

IMO OnLive came out prematurely. someone will try again in a few years when the interwebs for most people gets faster

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post #37 of 72

8/17/12 at 4:32pm

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Quote:

Originally Posted by Bobotheklown

D:
I hate seeing layoffs like this, especially in the gaming industry.

YUP! , Genocide is sad

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post #38 of 72

8/17/12 at 5:10pm

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Damn, this really sucks

OnLive could've eventually made PC gaming much more accessible to the mainstream... oh well, maybe one day.

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post #39 of 72

8/17/12 at 5:17pm

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Quote:

Originally Posted by Sylon

No surprise, but layoffs of any kind is always sad. Hope these people find better jobs!

Yes, Might be, they NEVER WILL go back to work for cloud gaming in their whole lifetime thats what they've experienced & learned something lesson about a cloud stuffs ..

Anyway, There is a real possibility that however many hundreds of thousands or even millions of dollars spent on OnLive games is about to be lost forever. That would make a lot of gamers finally wake up to what's at stake.

zero funny!
Edited by GAMERIG - 8/17/12 at 5:19pm

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post #40 of 72

8/17/12 at 7:01pm

jtom320
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Quote:

Originally Posted by bojinglebells

while it sucks people lost jobs, the business model was so incredibly dumb that I can't exactly feel that sorry for them
something like onlive is doomed to failure from day 1 until we can break away from our archaic cable/copper infrastructure

The model is w/o a doubt the future of gaming. It's ahead of it's time not 'dumb'.

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