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Schilling's Video Game Company Lays Off Entire Staff

This article is more than 11 years old.

Former Red Sox pitcher Curt Schilling's video gaming company has laid off its entire staff after a second Rhode Island state official resigned Thursday in connection with the company's financial troubles.

That news comes as Rhode Island Gov. Lincoln Chafee told reporters Thursday he's lost confidence in the company and will not try to save it.

"We all know we're in for tens of millions of dollars," Chafee said. "We all want the company to succeed. Every Rhode Island taxpayer would prefer to see that happen. But acting on their behalf, we just, have to have that confidence."

On Thursday, Helena Foulkes stepped down as vice chairwoman of the Economic Development Agency board that offered Schilling a $75 million guaranteed loan to relocate the company, called 38 Studios, from Massachusetts to Rhode Island.

38 Studios was late this month on a $1 million payment to the state and is currently trying to find out if it qualifies for Rhode Island tax credits.

With reporting by the Associated Press and the WBUR Newsroom


This article was originally published on May 24, 2012.

This program aired on May 24, 2012. The audio for this program is not available.


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