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OnLive Layoffs Follow-up

Joystiq has a rundown of what went down during a final meeting with the staff of OnLive before they were all fired, clarifying the report that the entire staff was being let go as part of some sort of reorganization. The company has undergone an Assignment for the Benefit of Creditors, or ABC (a form of bankruptcy), and will continue under the ownership of a venture capitalist. Word is only "the essential" portion of the company's 150-200 staff will be rehired going forward as the new owner attempts to bring the cloud gaming service into profitability.

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21. Re: OnLive Layoffs Follow-up Aug 18, 2012, 18:47 ^Drag0n^
 
Like I said before, if we can't get streaming video to work without a hitch here in Silicon Valley, streaming gaming will never work. If this VC wants to do something useful with his money, he should put it in a barrel and set it on fire...at least he'll get heat out of it.  
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"Never start a fight, but always finish it."
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