38 Studio lays off its entire staff

38 Studios laid off all its employees in Providence and Maryland this afternoon, several sources tell WPRI 12. Here is the text of the email the company sent workers:

The Company is experiencing an economic downturn. To avoid further losses and possibility of retrenchment, the Company has decided that a companywide lay off is absolutely necessary.

These layoffs are non-voluntary and non-disciplinary.

This is your official notice of lay off, effective today, Thursday, May 24th, 2012.

The company had 379 full-time employees at its two studios as of March 15. More details as they become available.

Update: Lots of live updates on my Twitter feed. I will have a complete, thorough article for you later tonight recapping everything that happened today with 38 Studios and the EDC. Check back tonight.

Update #2: Governor Chafee offered few major new details at his 5:30 press conference. For former 38 Studios employees, here’s where you apply for jobless benefits in Rhode Island.

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