We are getting reports that Acclaim is seeing massive redundancies across its entire operation, with one source close to the ailing publisher claiming “This is now the end.”
We began taking calls on the subject this morning, with various credible sources calling to make claims that the once-mighty publisher had delivered news of almost total shutdown to its staff.
Calling Acclaim this morning sees the phones at head office switched to out-of-hours mode, hinting that this is indeed the end.
Stay tuned for updates on this story as the day unfolds.
We have received further unconfirmed reports that around 130 staff from Acclaim’s Manchester studio have been made redundant, with suggestions that these unfortunate staff members have not been paid for what was described as a ‘considerable amount of time.’ Reports that the rent for the office is outstanding have also reached us.
However, one Acclaim staffer has contacted us to say that until further notice, everyone is still employed by Acclaim, returning to work on Tuesday.
Acclaim’s Texas office was closed yesterday, with the loss of almost all employees there.
However, Acclaim is keeping its New York head office open and operational at this time.
We’ll bring you more as we get it.
We can reveal at this juncture that Acclaim will be filing for bankruptcy on Monday 30th August 2004 under Chapter 11. This news derives from the most credible of sources and will be officially announced in New York on the above stated morning.
And that, as they say, is that. We’ll promise no more updates: as this would appear to be the conclusion of Acclaim’s sorry decadency from publishing giant to ruined failure.
The dissection of exactly how the firm fell from grace so conclusively will have to wait for another day.
SPOnG would like to wish everyone at Acclaim whose lives were so adversely effected by the decision-making processes of their superiors the very best of luck in finding future employment.