Telltale Begins Liquidation

No ratings yet. Log in to rate.

One month ago, popular games developer Telltale announced that they would be shutting down leaving 250 people without jobs, no severance and no health insurance. Previously, Telltale released 90 employees from the company in November 2017 which equaled to roughly 25% of employees at the time. Those 90 employees were granted pay until the end of 2017. However, the recent 250 employees who were laid off weren’t granted the same 'goodbye' packages. Many of the recent lay-offs took to Twitter with many saying they had to leave within a certain time and that the lack of severance due to the company running out of money meant that many were left with no way to pay for basic essentials.


After many different factors which caused the shutdown, such as the lawsuit against the former CEO, Kevin Bruner, and the loss of potential investors, a new deal to help finish some of their games such as The Walking Dead has been implemented.


Many games have been removed from Steam such as Back to the Future, Minecraft: Story Mode and Game of Thrones. Although some of Telltale's products are still up on the Playstation Store and XBOX Marketplace, it is unclear how long they will appear there. 


The liquidation proceedings have forced Telltale to sell their assets including furniture, copyrights and software. Former employees have proceeded by file a lawsuit, claiming that Telltale violated labour laws by letting its employees go without cause. 


The lawsuit also claims that Telltale let employees go “without providing them with advance written notice as required by the WARN Act”. The WARN Act states that most businesses with at least 100 full-time employees must notify workers 60 days in advance of any closings or mass layoffs with mass layoffs meaning around 50 or more employees within a 30-day period. It is unclear what will come of the lawsuit and of Telltale's legacy.

Comments

No comments have been made. Please log in to comment.
 

Latest News

Student By-election 2019: Candidates & Manifestos

View this year's Student By-election candidates and read their manifestos

 
Student By-election 2019: Candidate Announcement

Nominations for our Student By-election closed this afternoon, and we can now announce the candidates.

 
 

Top stories from Radar

December Exams: Radar's Tips to Study for Them

It's one month until exams begin (yikes). So here are some tips to get you through the draining thought of studying for them.

 
National Theatre Live is Keeping the Thrill of The Stage Alive

What are National Live Performances and why are they an experience hard to miss? Find out more with Radar's article on why NT performances are keeping the stage alive at your very own local cinema.

 
Six tips for finding that work/school balance: Say goodbye to late mark reductions forever

Are you struggling with the stress of your school and work life? Do you need to find a better way to prioritise and stick to deadlines? Well Radar have got some neat tips to create balance in your life.

 
Local Shopping Centre to Raise Awareness of Disabilities

Customers are in for an eye opening experience at Union Square this Tuesday. The giant shopping centre is making alterations to their shopping experience to promote inclusivity and understanding of those with disabilities.