Earlier this year, Midway posted quarterly losses of $34.8 million, leading to employee layoffs and project cancellations.

On Tuesday, Midway posted its quarterly revenue data, detailing third quarter losses of $75.9 million on revenues of $51.4 million, compared to losses of $33.5 million and revenues of $36.7 million during the same period last year.

This data also followed the news that Shari Redstone, a member of Midway’s board of directors, resigned from her position as chairman to focus on her responsibilities at another organisation, National Amusements Inc, an organisation from which Midway has previously received funds to stay afloat.

Now it’s being reported that Midway are to lay off 20 to 30 employees at their Chicago studio, seemingly as a result of the completion of two major Midway titles, Blitz: The League II and Mortal Kombat vs. DC Universe, through a practice of growth and attrition - a practice that is becoming worryingly more and more regular and recognisable as developer staff sizes continue to balloon.

Not a good time for Midway.