Don't Nod's weak financials for the first half of 2024 (January 1-June 30, 2024) could lead the French studio to lay off staff.
This is possible”reorganization project” could result in the elimination of up to 69 jobs, CEO Oskar Guilbert said. The deal would “restore greater organizational agility, rationalize the number of the company's production lines and secure the company's financing.”
Last month, Don't Nod released “disappointing” the first half is down. At the time, it also indicated that it may change its roadmap for the next few years, with a renewed focus on 2025 Lost Records: Bloom & Rage.
Guilbert said management has already communicated this potential reorganization to staff representatives. Like the United KingdomFrench law requires a company first consult with staff representatives if more than ten employees are dismissed (if the workforce exceeds at least 50 people).
He further stated that Don't Nod leaders are “committed to promoting a dialogue… with the aim of reaching agreements on accompanying social measures, including the possibility of a voluntary redundancy plan, should the project be adopted” .
As previously reported, Don't Nod's operating revenue in first half of 2024 reached 14.6 million euros (or $16.29 million), down 11% compared to the first half of 2023. Development revenues also fell during this period Banishers: Ghost of New Eden launch and no other projects in development.
Both Jusant AND Bandits they missed expected sales targets, leading the studio to suspend work on two unannounced projects from Don't Nod's Paris team with a write-down of 7.6 million euros (or $8.26 million).
In the most recent report, Guilbert reiterated Don't Nod's commitment to the development of Lost records and two unannounced projects (“P10” and “P14”) that he hopes to release by the end of 2027.