OnLive Hits a Major Rough Spot

Category: Gaming
Posted: August 17, 2012 03:23PM
Author: CheeseMan42

Engadget has spoken to a recently laid off employee of gaming service OnLive and has found some details that don't bode well for OnLive. A 10AM meeting was held today in which the CEO laid off at least half of the people working at the company with no severance and only a few hours warning about the lay off, as key cards will be deactivated today. OnLive is reportedly being purchased by another company to help cover the $5 million monthly operating costs as the company hasn't been as popular or profitable as it hoped.

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