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Curt Schilling's Troubled Gaming Company Lays Off 400 Workers

Former Red Sox pitcher Curt Schilling's 38 Studios has laid off all of its employees today and has announced it is shutting down their Rhode Island office and the subsidiary Big Huge Games company based out of Maryland according to reports by Polygon gaming website. Schilling's gaming company employs around 400 people.

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According to WPRI all employees received the following email:

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The Company is experiencing an economic downturn. To avoid further losses and possibility of retrenchment, the Company has decided that a companywide lay off is absolutely necessary.
These layoffs are non-voluntary and non-disciplinary.
This is your official notice of lay off, effective today, Thursday, May 24th, 2012.

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Internal trouble became apparent earlier in the month when Schilling's company failed to make a $1.125 million payment to the state of Rhode Island. The gaming company had moved to Providence after receiving a $75 million dollar inducement payment to move their offices.

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View a live stream of the news conference here.

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