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Posts tagged closures

Over 60 percent of Sony Stores to be closed

Sony announced a restructuring of its Sony Electronics division, resulting in the closure of 20 Sony Stores across the United States. The restructuring will affect approximately 1,000 employees "across all sites," which Sony says will amount to a staff reduction of one-third by the end of the calen...

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Blockbuster UK closing remaining stores

The protracted demise of Blockbuster UK ends with all 91 remaining stores closing on December 16, and 808 employees losing their jobs as a result. Administrators at Moorfields Corporate Recovery were unable to find a buyer for the high street rental chain. "We really did try our best to find a b...

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The end draws near for Blockbuster UK, 62 more stores closed

Blockbuster UK is likely to follow in the footsteps of the recently defunct US arm, after administrators announced 62 further store closures, with 427 employees laid off as a result. The DVD and game rental chain entered administration (a.k.a. bankruptcy) again earlier this year, and insolvency spe...

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Blockbuster UK cuts 72 stores as search for buyer continues

Blockbuster UK faces 452 layoffs and 72 store closures, after company administrators announced "necessary" measures for the once-again bankrupt retail chain. Moorfield Corporate Recovery, the company tasked with finding another buyer for the struggling outlet, said it wasn't an easy decision to mak...

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Former OMGPOP employees speak out following closure

Immediately following its closure by Zynga, the scene in the OMGPOP office was not what you might expect. As anonymous ex-employees told Business Insider, the Draw Something studio was determined to enjoy its final day. That meant booze, loud music, and defacing Zynga paraphernalia. "Most layoff...

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Zynga layoffs impact OMGPOP, studio reportedly closed

Following Zynga's massive layoffs, it's emerged the company may have shuttered Draw Something studio OMGPOP. As SiliconBeat spotted, the studio noted via Twitter yesterday "was the last day at Zynga for many OMGPOP staff," and former VP of Outreach Ali Nicolas tweeted she'd been laid off and that t...

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HMV closing 37 more stores, 464 layoffs

The deluge of bad news isn't over for UK retailer HMV, with 37 more stores confirmed to be closing in addition to the 66 announced earlier this month. These further closures are resulting in 464 lost jobs, making a post-administrative total of at least 1,454 layoffs. HMV, one of the UK's most promi...

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HMV facing 66 store closures, 930 layoffs

HMV, a multimedia chain and one of the UK's top high street game retailers, is closing 66 of its 220 stores, with 930 employees losing their jobs as a result. Deloitte, the company's administrators, said the closures should occur within the next one to two months. "This step has been taken in order...

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THQ shuts down publishing in Italy and Spain [Update]

THQ has closed its offices in Italy and Spain and hired an outside distributor, Koch Media, to ship its games throughout those regions instead. The closures follow a "strategic review" of THQ's operations in Italy and Spain, according to Annie Sullivan, THQ's managing director of European market de...

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Epic's Mike Gamble blames studio closures on 'stupid acquisitions'

Epic Games' European head, Mike Gamble, says there's a simple reason we're seeing so many big game companies close triple-A studios lately: stupidity. "It's happened because of stupid acquisitions," he said in London recently. Quite a few studios have seen shutdowns, either after or even during b...

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