British publisher Team17 is pursuing mergers and acquisitions to accelerate revenue growth. In his latest presentation to investorsThe firm said it has a “strong balance sheet” that can support the M&A option. The company is looking to select deals with an “indie focus,” and has said that these moves are part of its medium-term plan. … Read more
Virtual reality studio nDreams is making a series of layoffs that could impact 17.5% of its employees. The company said that “a challenging VR gaming market” requires a “renewed strategic focus” that will involve job cuts. The British company operates four studios and is known for working on titles such as Far Cry VR, Fractured, … Read more
The Communications Workers of America (CWA) criticized Microsoft for laying off hundreds of video game workers in what was called an “extremely disappointing” move. “Microsoft's decision to lay off 650 video game employees is an extremely disappointing move by one of the largest and most profitable companies in the world,” reads a statement from the … Read more
Midnight Society, the studio behind the NFT shooter Fall, Last week, it laid off an unspecified number of employees. News of the layoffs surfaced on social media over the weekend, with a senior environmental artist Tyler Moore's World saying it was “one of many” affected. The study later confirmed the “significant reduction in the workforce” … Read more
Embracer-owned studio Lost Boys Interactive has laid off an unspecified number of employees. Confirming the news on LinkedInThe study explained that the layoffs will impact employees in several states. “Lost Boys Interactive has made the very difficult decision to reduce our overall headcount in accordance with local laws and consultation processes. As a remote company, … Read more
Mobile publisher Tilting Point will lay off 20 percent of its workforce to “continue to operate a healthy, viable business.” Confirming the news in a statement sent to MobileGamer.bizThe company said the cuts were made in response to “difficult” market conditions. “As anyone who watches the gaming industry knows, the current market is tough and … Read more
Toadman Interactive, the studio known for developing original titles such as Immortal Unleashed and which operates as a developer on commission, is laying off staff. The company confirmed the news on LinkedIn and explained that it would make some layoffs and close offices in Stockholm, Visby and Oslo. “Like many other video game companies, we … Read more