Reikon Games has reportedly laid off 60 to 70 people, equating to 56 percent of the company.
08.01.2024 - 23:58 / videogameschronicle.com / John Riccitiello / Lay Off
Unity has announced it intends to lay off approximately 1,800 employees, or around 25% of its workforce.
In a regulatory filing published on Monday, the game engine maker said the cuts were part of a company-wide restructuring and refocus on its core business, as it attempts to position itself for long-term growth.
The San Francisco-headquartered firm said it expected to complete the layoffs by the end of its current fiscal year in March and that all areas and regions of its business would be affected.
This is the fourth round of layoffs at Unity in the last year and follows a period of significant instability for the company. In October, it announced that John Riccitiello was stepping down as president and CEO effective immediately.
His departure came weeks after the company sparked a backlash from the development community by announcing controversial monetisation plans for its popular game development engine, which it partially walked back following the outcry.
Former IBM president James Whitehurst, who was appointed as Unity’s interim president and CEO when Riccitiello left, told Reuters at the time that further changes designed to “refocus” the company were planned.
Unity’s quarterly earnings report published in early November then confirmed planned structural changes, which it said would likely include discontinuing certain products, reducing its 7,000-strong workforce, and cutting its office footprint.
Later that month, it confirmed plans to cut 265 jobs or 3.8% of its global workforce as part of a company “reset”.
This latest round of redundancies continues an incredibly difficult run for the games industry. Last year, it’s estimated that over 9,000 people lost their jobs.
Companies impacted by layoffs include Xbox Game Studios, Epic Games, Sony Interactive Entertainment, CD Projekt, Unity, Riot Games, Blizzard, Crystal Dynamics, BioWare, Striking Distance, Team17, Frontier Developments and Telltale Games.
Reikon Games has reportedly laid off 60 to 70 people, equating to 56 percent of the company.
According to reporting from Kotaku, Black Forest Games has announced the termination of 50% of its overall workforce, which was said to be around 110 employees in 2023. They join a growing list of layoffs experienced in the industry, which continues to accelerate from last year.
Microsoft has made the decision to lay off a massive 1,900 staff from its gaming division. While the majority of the Microsoft layoffs are coming from Activision Blizzard, staff at Xbox and ZeniMax are also believed to be affected.
Microsoft has announced that it will be laying off 1,900 members of its 22,000-person gaming division.
Riot Games announced another big round of layoffs for the second year in a row. This time around, the studio mainly known for the League of Legends franchise plans to remove 11% of its large workforce. Around 530 employees will lose their jobs, although they will get benefits such as six months of severance pay at minimum, cash bonuses, and others.
Riot Games has announced plans to lay off 530 of their employees, or about 11 % of their workforce.
Earlier today, Riot Games announced that it is eliminating 530 roles globally, which make up about 11 percent of its workforce. The company publicly delivered this devastating news in two separate posts — one for players, and another for «Rioters,» with the latter detailing severance package and some other benefits to treat the dismissed employees «with respect and grace.»
2023 was sadly the year that saw thousands of jobs in the games industry being cut due to industry-wide layoffs, and unfortunately, that’s continued in the early days of 2024 as well. The latest to join that list is Thunderful Group, the company that publishes and develops the SteamWorld series and owns the likes of Image and Form Games, Rising Star Games, Zoink, Coatsink, Jumpship, and Headup Games.
Swedish video game holding company Thunderful Group has announced plans to lay off a fifth of its staff.
Thunderful Group has announced a restructuring programme to decrease costs, which will include both "significant staff reductions" and potential divestments, the company said.
Amazon-owned Twitch is preparing to lay off 35 percent of its employees or a little over 500 people. The news was first reported by Bloomberg on Tuesday and confirmed a day later by Twitchin a blog post signed by CEO Dan Clancy. Employees will learn today via email whether they are or aren't losing their jobs.
The third-person multiplayer online battle arena Smite is getting a shiny new standalone sequel: Smite 2 has been officially announced at the 2024 Smite World Championship. The sequel will retain the same core gameplay Smite players are familiar with, but the game itself is being rebuilt from the ground up for the next generation. Check out the announcement trailer above and our first-look preview video below.