strategic restructuring Archives

AppWizard

April 3, 2025

PlaySide is making layoffs

PlaySide Studios, an Australian game developer, is reducing its workforce as part of an operational restructuring due to challenges in securing new work-for-hire projects. The layoffs will primarily affect work-for-hire and non-project specific personnel, with an undisclosed number of positions being cut. The restructuring is expected to save between AUD 4 million and AUD 5 million annually, but will incur a one-time cost of AUD 1.5 million. Ongoing projects, such as Mouse: PI for Hire, will not be impacted. The company plans to provide outplacement support and counseling services to affected employees. CEO Been Skender emphasized the need for resilience in the business model while acknowledging the difficulties faced by staff.

AppWizard

February 25, 2025

Bossa makes unknown number of job cuts

Bossa Games, based in London, has announced a workforce reduction as part of a strategic pivot for the late-stage production of its upcoming title, Lost Skies. Co-CEO Henrique Olifiers shared that the studio plans to reorganize into smaller teams after the game's launch to enhance innovation and expedite future development. He expressed regret over the layoffs, acknowledging the talent of those affected. Earlier in 2024, Bossa Games had already laid off about a third of its staff.

AppWizard

February 14, 2025

Koei Tecmo’s new CEO is Hisashi Koinuma

Koei Tecmo has appointed Hisashi Koinuma as its new chief executive officer, effective April 1st, 2025. The company is undergoing a strategic restructuring, dividing into two entities: Koei Tecmo Games and Koei Tecmo Corporate Finance. This transition aims to streamline operations and enhance focus on core competencies, with the goal of becoming the world’s leading digital entertainment company. The new management structure will take effect in the fiscal year 2025.

AppWizard

October 16, 2024

Riot Games lays off 32 staff

Riot Games has laid off 27 members of its League of Legends team and five individuals from its publishing team as part of a strategic restructuring aimed at ensuring the long-term success of the game. Co-founder Marc Merrill stated that the layoffs are intended to refine the team's expertise rather than simply reduce headcount. A severance package for affected employees includes a minimum of six months' pay, an annual bonus, job placement assistance, health coverage, and additional support resources. This follows a previous reduction of 530 staff members at the beginning of 2024.

AppWizard

July 1, 2024

Thunderful has sold its distribution business

Thunderful has divested its distribution business to Bergsala NPD AB, owned by Thunderful board member Owe Bergsten. The transaction was completed on July 1st, allowing Thunderful to strengthen its financial position and focus on growth in the games segment.