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Midway To Lay Off 25% Of Staff, Austin Studio Closing [Cost-Cutting Measures] external link

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Kotaku | by Mike Fahey | Tue, Dec 16

CHICAGO—(BUSINESS WIRE)—Midway Games Inc. (NYSE: MWY) today announced that the company is taking significant steps to reduce its cost structure, including a reduction in workforce, the closure of its Austin, TX, studio, and the suspension of development on several non-core games.

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