Empire drops internal studio to save $3 million
Published on
According to this GI report, Silverstar Holdings is to drop 30 percent of Empire's in order to improve efficiencies and save around $3 million per year.
The majority of jobs will go along with the sale of internal studio Razorworks, which Empire purchased in 2000.
The company also plans to relocate the Empire headquarters and shuffle a number of senior management.
"The changes at Empire mark an important new direction for the company as we head into fiscal 2009," said Silverstar boss Clive Kabatznik.
"These significant cost savings and managerial changes, along with our planned fiscal 2009 game line-up, position the company for a strong fiscal 2009."
More through the link.