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 it has impacted us as well. We have done everything we can to keep the company in shape for as long as possible, however, we have reached a point where we have had to make some difficult decisions to continue to operate a healthy and viable business,” reads a statement written by the company's founder and CEO, Kevin Segalla.
“Unfortunately, this includes the layoffs of some of our amazing colleagues across different parts of the organization. These layoffs could be as many as 20 percent of our global team. We are making every effort to support those leaving, including helping departing employees find new positions and creating a Tilting Point alumni network, where alumni can support and refer employees to their current and new employers.”
Tilting Point has published over 150 games since its founding in 2012. It is perhaps best known for titles such as Star Trek: Legends, Star Trek: Timelines, Leo's LuckAND SpongeBob Adventures: Into a Mess.
The studio had previously cut about 14 percent of its workforce in January 2023 (Thanks MobileGamer), again citing the need to adapt to “changing market conditions.” Such layoffs, however, also occurred after the company made a series of major acquisitions.
Since 2020, Tilting Point has purchased or invested in numerous studios, including Disruptor Beam, Loop Games, AN Games, and more. In 2021, the company raised $235 million to “aggressively pursue more M&A opportunities” and “expand our operations.” It is now dramatically downsizing.