job cuts Archives

AppWizard

July 31, 2025

Atari to buy Thunderful, company undergoes another round of restructuring

Atari has entered an agreement to acquire the European firm Thunderful Group through a directed share issue valued at SEK 50 million, gaining control over 82 percent of Thunderful's outstanding shares, with Thunderful's board approving the transaction. CEO Wade Rosen highlighted the acquisition as a milestone for Atari's expansion in Europe, while Thunderful has initiated a restructuring operation aimed at achieving cost savings of SEK 6 to 8 million for the latter half of the 2025 financial year and SEK 40 to 45 million during 2026, which will involve job cuts. CEO Martin Walfisz will step down as part of this transition, marking the third round of restructuring for Thunderful in recent years.

AppWizard

July 22, 2025

Supermassive Games makes layoffs

British game developer Supermassive is undergoing a restructuring that will result in job cuts affecting approximately 36 employees. The studio is providing support to those impacted by the layoffs. Additionally, the release of their sci-fi horror title, Directive 8020, has been delayed to the first half of 2026. The development of Little Nightmares 3 will not be affected by this restructuring.

AppWizard

July 17, 2025

Codev giant Virtuos making layoffs

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.

AppWizard

July 2, 2025

Xbox hit in yet another wave of Microsoft layoffs

Microsoft is implementing further layoffs, particularly in its Xbox division, affecting employees at King and ZeniMax, with a total reduction of over 9,000 positions, representing a four percent cut in its workforce. This is the fourth round of layoffs in Microsoft's gaming sector in 18 months. Phil Spencer, head of Xbox, stated that these cuts are necessary to position gaming for future success and emphasized the importance of prioritizing strong opportunities while acknowledging the impact on affected employees.

AppWizard

June 26, 2025

Report: Xbox poised to make yet more layoffs

Microsoft is expected to announce significant job cuts in its Xbox division next week, as part of ongoing restructuring efforts. This follows earlier reports of potential layoffs affecting thousands of positions in Microsoft's sales business. The upcoming layoffs at Xbox would mark the fourth round of job reductions in 18 months, totaling approximately 15,000 employees let go since January 2023. Phil Spencer, head of Microsoft's gaming division, confirmed the redundancy of 650 staff members in September 2024, highlighting the emotional impact of these changes and the importance of support within the team.

AppWizard

June 5, 2025

Jagex says job cuts are “unrelated” to cancelled project

Jagex has stated that recent layoffs are not related to the cancellation of Project Zanaris, which aimed to create community servers for Old School RuneScape. The layoffs primarily impact non-development and non-player-facing roles, with some developers also leaving the company. Jagex is restructuring its operations to reduce complexity and increase agility, focusing on enhancing teams that contribute directly to player experiences. The company is committed to supporting affected employees during this transition.

AppWizard

April 30, 2025

EA makes job cuts at Respawn

Electronic Arts is implementing layoffs at Respawn Entertainment, affecting approximately 100 employees, due to the discontinuation of two early-stage incubation projects, including an extraction shooter set in the Titanfall universe, codenamed R7. Additionally, EA is reducing between 300 and 400 positions across the company, primarily within the Experiences team. Respawn has assured fans of its ongoing commitment to developing Apex Legends and its Star Wars titles. EA's representative stated that the layoffs are part of a strategy to align teams and allocate resources for future growth. Respawn expressed gratitude to affected employees and is offering support, while reaffirming its dedication to player-first experiences and innovation.

AppWizard

April 25, 2025

Intel confirms layoffs, reports point to 20% cut

Intel plans to cut approximately 20 percent of its workforce to streamline operations and reduce bureaucracy. This follows a previous reduction of 15,000 positions. The layoffs are expected to begin in the second quarter of the year, although the exact number of affected employees has not been disclosed. New CEO Lip-Bu Tan aims to revitalize the company's engineering functions and has emphasized the need for strategic investments in engineering talent and technology. He acknowledged the necessity of cost reductions and mentioned that Intel's current cost structure exceeds competitive benchmarks. The company has revised its operating expense and capital spending targets, with further details to be shared in an upcoming investor call.

AppWizard

March 19, 2025

Bossa co-CEO Clough steps down

Daniel Clough, co-CEO of Bossa Studios, announced his departure from the company via LinkedIn. He joined Bossa in 2018 as general manager and became co-CEO in January 2021. His tenure included navigating challenges in the gaming industry, leading to a significant downsizing of the studio in preparation for the release of their upcoming title, Lost Skies. Clough noted that the studio's new size necessitated a restructuring. His departure is part of a broader leadership change, with several team members also leaving. Bossa recently implemented job cuts as part of ongoing adjustments to industry dynamics.

AppWizard

February 27, 2025

Krafton makes further cuts to Striking Distance

Krafton has laid off employees at its subsidiary, Striking Distance Studios, which developed The Callisto Protocol. The company confirmed the layoffs, stating that Striking Distance remains operational and is reducing its team size to create a more sustainable environment. The studio previously laid off 32 employees in 2023, which was about 20% of its workforce at that time. Striking Distance was founded in 2019 by Glen Schofield and launched The Callisto Protocol in 2022.