Blizzard has announced the first expansion to Diablo 4 titled Vessel of Hatred at Blizzcon 2023. The expansion will bring with it a new story, a returning zone, and the introduction of a brand new class into the Diablo universe.
17.10.2023 - 11:37 / videogameschronicle.com
Cambridge, UK-based Frontier Developments is the latest major game developer to announce layoffs and spending cuts.
In a note published to the London Stock Exchange on Tuesday, the company said it would be conducting an “organisational review” which would result in a recruitment freeze, spending cuts and redundancies, subject to consultation.
The organisational review and resulting actions are expected to conclude by early 2024, it said.
Founded in 1994 by Elite co-creator David Braben, Frontier is best known for the space flight series and its management sims like Planet Zoo, Jurassic World Evolution and Planet Coaster.
The round of layoffs are due to what Frontier calls “a period of disappointing financial performance”, which has seen its stock price plummet by over 80% since the start of the year.
The biggest decline came in January, when its share price plummeted by over 54% in a week, after the company issued a disappointing trading update.
At the time, Frontier said it no longer expected to meet its prior sales and profit guidance due to the underperformance of F1 Manager 2022, and weaker than expected sales across its whole portfolio, during the holiday period.
2023 has seen widespread reports of job losses all over the games industry, with the latest report coming from Telltale Games.
Earlier this month, it was reported that Team17 is planning “significant” job losses as part of a company restructure. Last week it was announced that Epic Games would be laying off 16% of its staff, consisting of “around 830 employees”.
Earlier this year Microsoft confirmed plans to lay off approximately 10,000 employees, including some at Xbox and Bethesda, while CD Projekt Red announced plans in July to lay off around 10% of its staff.
Layoffs have also recently been occurring at a number of other companies, including Unity, Riot Games, Blizzard, Crystal Dynamics, Bioware and The Callisto Protocol studio Striking Distance.
Blizzard has announced the first expansion to Diablo 4 titled Vessel of Hatred at Blizzcon 2023. The expansion will bring with it a new story, a returning zone, and the introduction of a brand new class into the Diablo universe.
James Cameron’s Avatar franchise has always felt like a very natural fit for the realm of video games – honestly, the movies already kind of feel like games – and yet, It’s never really worked out. Ubisoft made a weak attempt at making an Avatar game back in 2009 and, until now, that’s been about it. Well, Ubisoft is taking another crack at it with Avatar: Frontiers of Pandora, a new large-scale open-world adventure from The Division developer Massive Entertainment set to launch in December.
Since its gameplay reveal earlier this year, it’s been hard to shake the idea that Avatar: Frontiers of Pandora is essentially a Far Cry game with a sci-fi setting. That’s not an incorrect assumption for several reasons; this is a wilderness-set first-person game with plants to harvest, animals to hunt, outposts to assault, and items to be crafted. But during a recent two-hour hands-on I discovered that Frontiers of Pandora has a more interesting set of ideas built atop that Far Cry skeleton. I certainly never expected to put the controller down and be thinking more about Mirror’s Edge and Horizon: Zero Dawn than I was about the classic Ubisoft formula.
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Frontier Developments have announced that they'll be undertaking an "organisationl review" of the company after "disappointing financial performance and more challenging industry conditions". The news came yesterday in a note to investors, signalling yet another wave of industry layoffs.
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