Former Boston Red Sox pitching star Curt Schilling’s 38 Studios LLC game-making company is “disintegrating” despite state efforts to save it, Rhode Island Governor Lincoln Chafee said.

“We are doing our best to salvage this, but the situation is very dire,” Chafee said yesterday. The company dismissed workers Thursday, according to the Labor and Training Department.

Schilling, 45, moved the company to Providence from Maynard, Mass., with the promise to create hundreds of jobs after Rhode Island provided $75 million from an economic development fund, using bonds sold in 2010. The company missed a May 1 debt-service payment, covering it later. The state may be on the hook to repay bondholders who own the debt.

The bonds maturing in November 2015 traded at an average yield of about 4.8 percent May 23, up from 3 percent April 10.