Former major league baseball pitcher Curt Schilling won three World Series and gave us one of the most indelible images in sports history when he took the mound with a bloody sock during Boston’s remarkable comeback in the 2004 American League Championship Series. He retired as one of the greatest pitchers in baseball history (he ranks No. 15 in career strikeouts).
A guy like that can retire to a beach in the Caribbean and spend the rest of his days just chilling, right? Not Curt Schilling. Since his retirement, Schilling has attempted to do something that no other pro athlete of his status has ever done: become a force in the world of tech startups.
And he hasn’t exactly succeeded.
Schilling runs a video game company called 38 Studios that is based out of Rhode Island. At least, he did until yesterday.
An email was sent to the entire staff (estimated at 300 people) of 38 Studios yesterday informing them that they are being laid off for “non-voluntary and non-disciplinary” reasons. That’s right: Curt Schilling laid off his entire company.
According to reports, the company was unable to make payroll, In 2010, 38 Studios received a $75 million loan guarantee to move to Rhode Island. The company was late making this month’s $1.1 million payment and the layoffs were essential.
If the company completely collapses, Rhode Island will be out at least some of the $75 million it lent.
According to the video games blog Kotaku, 38 Studios has sold somewhere between 400,000 and 1 million copies of its flagship game, Kingdoms of Amalur: Reckoning. Unfortunately, these numbers fall well short of the reported 3 million copies the game needed to sell in order for the company to not fail.