** 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;))