Virtuos is reducing its workforce by approximately seven percent, equating to around 300 positions. The layoffs will primarily impact its Asian operations, with 200 employees affected, 70 roles in Europe, and fewer than ten positions in France. The company aims to realign its global capabilities to enhance high-value co-development services. Virtuos will provide separation pay, job placement assistance, and opportunities for affected employees within its network. This decision reflects broader job cuts in the gaming industry, as seen with Microsoft's recent layoffs.