Razorworks on the Chopping Block

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Silverstar Holdings, parent of Empire Interactive, confirmed that the company expects to reduce the number of employees at Empire Interactive by around 30%. The company plans to accomplish this largely by attempting to sell its Razorworks development studio.
Silverstar says that "The company is currently in negotiations with potential acquirers and looks to complete the transaction in the coming weeks. The total head count reduction is expected to deliver cash flow savings of approximately $2.0 million per year."

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This page contains a single entry by Editor published on July 2, 2008 11:12 PM.

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