Recently, we told you that British developer Team17 may experience job losses following the CEO leaving the company. Sadly, it looks as though this may be the case after all, with the studio possibly losing a third of its staff.
25.09.2023 - 08:57 / gamesindustry.biz / Lays Off
Roblox has made several redundancies within its talent acquisition department.
TechCrunch reports that around 30 employees were let go last week as the company concentrates on shoring up its bottom line rather than expanding.
"The aggressive growth targets Roblox was operating against in the past few years required a heavier investment in our TA organization," a Roblox spokesperson told the site, adding that no other teams were affected.
"With our commitment to getting our cash compensation growth in line with our bookings growth by the end of Q1 2024, we now need a smaller Talent Acquisition organization to meet our adjusted hiring needs. This action is the result of the reduction in our hiring targets to better align with our growth goals."
Roblox has benefitted from an influx of new users over the past few years and dramatically grown its income. However, its operations are still not profitable.
In its Q1 earnings earlier this year, the company reported record revenues but still posted a loss of $268 million, compared to a loss of $160 million from the same period in the previous year.
Sign up for the GI Daily here to get the biggest news straight to your inbox
Recently, we told you that British developer Team17 may experience job losses following the CEO leaving the company. Sadly, it looks as though this may be the case after all, with the studio possibly losing a third of its staff.
UK indie label Team17 is reportedly looking at laying off one-third of its staff.
UK indie label Team17 is reportedly looking at laying off one-third of its staff.
The moment we’ve all been waiting for is almost here. Roblox is finally making its debut on PlayStation, offering an exciting new gaming experience for both PS4 and PS5 users. But the burning question on everyone’s mind is: When can you start playing this massive online game on your PlayStation? Sony has confirmed that the Roblox release on PlayStation is scheduled for 6 pm BST / 1 pm EDT / 10 am PDT on October 10th, 2023. Now, let’s delve into all the essential details surrounding the Roblox PlayStation release, including exciting features, gameplay insights, and more.
The tale of Telltale Games is much more than just a game studio that fell on hard times and had to rebuild itself. It’s a tale of a company that, at one point, had some of the most unique narrative-driven titles in the world and yet also had one of the most abusive in-house cultures in the world. Back in 2018, they had such an oppressive regime going on that they basically shut down the entire studio in a single day without taking care of any of the workers who had slaved away on their titles. They were rebuilt and seemed to be coming back strong, and now, it seems to be happening again.
Telltale Games has laid off an unknown portion of its staff, in an unfortunate deja vu moment for a handful of its employees.
Telltale Games has laid off an unknown number of its team members due to "current market conditions," the California-based studio has confirmed.
Telltale has laid off an unspecified number of developers.
All unionized Dragon Age Dreadwolf QA testers have been laid off.
A Kotaku report says Naughty Dog, the developer of The Last of Us and Uncharted games, is the latest studio to lay off employees, with at least 25 contract workers being told that they'll be let go at the end of October. The report also says that The Last of Us multiplayer shooter spinoff announced in 2022 is in trouble, and while it hasn't been cancelled at this point, its fate remains uncertain.
Naughty Dog is laying off dozens of developers this month with no severance, according to a Kotaku report.
Layoffs have reportedly hit the staff over at Naughty Dog. A new report from Kotaku alleges the Last of Us developer has cut at least 25 contractor jobs.