Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 percent of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.
05.01.2024 - 14:58 / videogameschronicle.com
Surgeon Simulator developer Bossa Studios has laid off one-third of its staff, it’s confirmed.
GamesIndustry.biz sources shared a list of 19 developers that are currently being affected by the redundancy measures. According to the report, these redundancies include QA and production staff.
The company is currently developing Lost Skies, a “cooperative survival adventure for 1–6 players set amongst the clouds.”
In a statement provided to GI, studio co-founder Henrique Olifier called the situation a “perfect storm of events,” citing the high number of quality AAA releases in September which he claims caused funding issues.
“Resulting from this blue moon situation, we had to make the difficult decision to reshape the studio to reflect the position we find ourselves in at the end of this year, focusing all our efforts now on Lost Skies. This means we find ourselves in the heartbreaking position of having to let roughly one third of the studio go – amongst them, some of our closest colleagues.”
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Prior to Lost Skies, Bossa Studios worked on popular titles such as Surgeon Simulator and I Am Bread, both of which gained huge popularity thanks to the games being regularly featured by popular YouTube content creators.
Olifer continued: “While we are doing our utmost to support them, we would appreciate any help our industry peers can give in spreading the word about these great people – or even better, hiring them as part of your team. You’ll be hard-pressed to find a better game development professional than one of these Bossians, whom we’ll vouch for without hesitation.
“We often say that making games is hard, but nothing is harder than seeing people you admire being let go. Ultimately, we tried our very best to avoid being in this position, and we’re truly sorry for where we have landed.”
This latest round of redundancies continues an incredibly difficult run for the games industry, which has seen jobs cut around the world.
Job losses across the games industry were widespread in 2023. Companies impacted by layoffs last year included Embracer, Xbox Game Studios, Epic Games, Sony Interactive Entertainment, CD Projekt, Unity, Ubisoft, Riot Games, Blizzard, Crystal Dynamics, BioWare, Striking Distance, Team17, Frontier Developments, Telltale Games, Digital Extremes, Amazon and Digital Bros.
Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 percent of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.
Another developer has joined the increasingly long list of companies in the games industry that have companies that have initiated layoffs in the early weeks of 2024, continuing the brutal waves of job cuts that devastated the industry the entirety of last year.
35 percent of game developers have been impacted by layoffs in the last 12 months and half are concerned more job cuts are on the way. That's according to GDC's newly published 2024 State of the Game Industry report, which highlights current sentiment among developers based on a snapshot of 3,000 industry professionals polled.
Thunderful Group has announced a major restructuring programme that will see around 20% of its workforce laid off in an effort to significantly reduce running costs and rebalance the business.
Dead by Daylight developer Behaviour Interactive has reportedly laid off 45 people, Kotaku has learned. The publication says those with knowledge of the situation at the studio said the layoffs only affected people at Behaviour's Montreal, Canada studio, with those 45 affected let go last week, between January 9 and 11.
CI Games, the publisher behind last year's Lords of the Fallen and the Sniper Ghost Warrior franchise, has laid off 10 percent of its staff, as first reported by GamesIndustry.biz. The publication says its sources pointed to laid-off staff posting about the job cuts on LinkedIn, but has since received confirmation from CI Games.
Thunderful Group, a Swedish video game holding company that owns a number of game publishers and developers as well as gaming and toy distribution companies, has announced that it plans to lay off around 20% of its staff as it restructures its operations.
Thunderful Group has announced a major restructuring programme that will see around 20% of its workforce laid off in an effort to significantly reduce running costs and rebalance the business.
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Swedish video game holding company Thunderful Group has announced plans to lay off a fifth of its staff.
Lost Boys Interactive appears to be the latest developer to suffer heavy layoffs.
The early months of 2023 saw Embracer Group failing to close a $2 billion deal with Saudia Arabia’s Savvy Games Group, following which the company initiated a restructuring program that would entail layoffs, project cancellations, and studio closures. Sadly, Embracer Group’s continued efforts to stabilize its financial situation have come at the cost of a staggering number of company-wide cuts, and that’s something that’s continued into the new year.