** Playside Studios PLY.AX slides as much as 11.1% to record low of A$0.160
** Video game developer says it is restructuring operations, largely within its Work-for-Hire teams and non-project specific workforce
** Adds restructuring a response to delays in winning anticipated Work-for-Hire contracts
** About 526,000 shares traded, 1.1x the 30-day avg
** PLY sheds 56.1% this year, as of last close
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com;))
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