OnLive’s Restructuring Retains ‘Almost Half’ of Original Staff
OnLive surprised gamers when it announced it would be laying off over half of its workers and filing for a form of bankruptcy last week. But according to a Joystiq article, a venture capital company will be taking the reins of OnLive’s new company and retain almost half of OnLive’s original staff.
Long-time technology investor Gary Lauder will be heading the takeover, and executives will supposedly be receiving compensation reductions in order to retain greater numbers of staff. Users of OnLive services should notice no change in their services or interface as a result of the transition. An OnLive rep has reported that of the roughly 200 employees OnLive had at the time of the original announcement, “almost half had offers in hand at full salary when we made the transition.” More offers will be made as the transition is processed.