Realtime Worlds Re-Hires Some of MyWorld Team

BOOM widget 136754 While the entire team working on Realtime Worlds' "3D social gaming experience" Project: MyWorld was laid off shortly before the developer entered bankruptcy this week, over a third have since been re-hired to continue development.

Twenty-three of the sixty people once working on MyWorld have been re-hired by "business rescue and restructuring specialist" Begbies Traynor, which has been brought into turn Realtime Worlds profitable and ease its debts.

"As a smaller entity MyWorld is attracting considerable interest from potential buyers and 23 members of the team who had been working on the project clearly add value to it as a standalone business, hence the fact we have been able to offer a limited number of those jobs back," said Ken Pattullo of Begbies Traynor.

Realtime has been restructured to support running and supporting APB, with further updates promised for the cops vs. criminals MMO. However, this has entailed laying off 150 staff from the Dundee office, which previously employed 210 people.

Begbies Traynor is also trying its hand at flogging off the entirety of Realtime Worlds and says a number of "expressions of interest" have already been received. Realtime apparently owes around £3 million ($4.7 million US) to trade creditors in the UK.