RipTen has received this statement from the company:
I just wanted to bring you up to date and give you the statement OnLive issued this afternoon:
We can now confirm that the assets of OnLive, Inc. have been acquired into a newly-formed company and is backed by substantial funding, and which will continue to operate the OnLive Game and Desktop services, as well as support all of OnLive’s apps and devices, as well as game, productivity and enterprise partnerships. The new company is hiring a large percentage of OnLive, Inc.’s staff across all departments and plans to continue to hire substantially more people, including additional OnLive employees. All previously announced products and services, including those in the works, will continue and there is no expected interruption of any OnLive services.
While we’re not commenting on additional details, the reports have been way overstated, perhaps because we were unable to respond to initial enquiries until the transaction completed. The management team is intact, the company has substantial funding and we have all our current businesses to run.
Looks[sic] of good things in the works so I know we will be in touch.
Even in this attempt to clear things up, the situation is still a bit muddled and questions remain. Who acquired OnLive, Inc.? Where is the funding coming from? How many people are now without employment?
The one thing we do know is that the company created un-needed confusion due to the absence of a communications plan. In this day and age, employees flock to social media as soon as they find themselves without a paycheck (especially since the Twitter community is so efficient at linking candidates with new opportunities), yet we saw no concrete information about displaced workers. Dodging the question about layoffs entirely, all while plugging new initiatives, seemed cold and robotic.
If the most recent statement is to be believed, the good news is that many of the OnLive employees, will now be getting a paycheck from… someone else. Of course, after the dodging we experienced today, whether this can be trusted is another matter entirely.
For those that have been suddenly terminated through no fault of their own, we extend our deepest sympathies. We would be glad to pass your contact information on to those in the industry who are hiring.