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[G3D] Mad Catz fires 37 percent of staff

post #1 of 66
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Quote:
Accessory and console / pc component maker Mad Catz has headed into rough water, it is going to fire a staggering 37% of its staff. The company shared this info after publishing their quarterly results. In 2015 Mad Catz had a loss of 4.36 Million USD, almost 4 Million Euro.
Quote:
Several company executives have fled the company, Mad Catz chairman, CEO Darren Richardson , general counsel Whitney Peterson all resigned the day before this announcement.

Hadn't see a post about it.

I hope for a better future for them. They have some very interesting products.
But with their top executives running for the life boats, seems like a gloomy future.
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post #2 of 66
They have a pretty nasty design flaw in the R.A.T TE for one. screwing the upper shell that you hold and has the sensor attached, to the lower shell that's on the mousepad surface, with 2 screws, somewhat to left and right of the sensor, does in fact cause the cursor to wander a bit if you put enough pressure on the front or rear of the mouse with your hand.

Hope they get better engineering checks, cause the design isn't so bad.
The MMO TE doesn't have this issue, due to additional screwing/rigidity with the side buttons, but it has some comfortability issues imo. (left and right button could be closer to one other, as well, in general)
Edited by Tivan - 2/11/16 at 4:50am
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post #3 of 66
Hmm.. Sounds like I might need to stock up on R.A.T 5 mice
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post #4 of 66
37%...thats like what, 6 employees...

Seems like the stock market is on its way to a correction and the economy isnt as strong as alot of people think it is. I'm sure companies in a niche market like this are having a tough time with their bottom line.
post #5 of 66
I have had a few Mad Catz products over the last 10 years and they all failed quickly and customer service was non existent, good riddance.
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post #6 of 66
Its always sad to see people getting laid off but not really surprised in this case as we are talking about Mad Catz.
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post #7 of 66
It's a wonder how long they survived with their quality control.
post #8 of 66
I wonder if this is going to impact their Star Citizen controller?
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post #9 of 66
If you have even been forced to use one of Mad Catz' console controllers, you would be very happy about this! smile.gif
post #10 of 66
Quote:
Originally Posted by p4inkill3r View Post

I wonder if this is going to impact their Star Citizen controller?


It doesn't they announced via CIG they will continue with production of that monstrosity.


I have an X-52 Pro and it works like a champ. It's big for my small hands but it's a fantastic controller for what it does.
 
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