Complex sentence: While licensing revenue reached $50 million in 1995, MEG laid off 275 employees on January 4,1996 as losses for the 1995 year were $48.4 million.
Split into simpler sentences: While licensing revenue reached $50 million in 1995, MEG laid off 275 employees on January 4,1996. As losses for the 1995 year were $48.4 million.