Gaming Layoffs

Ubisoft Entertainment SA (OTC:UBSFF) is in talks with Tencent Holdings ADR (OTC:TCEHY) over a potential buyout. According to Reuters, the deal would allow Ubisoft’s founders, the Guillemot family, to retain control if the company goes private. This development follows a difficult year for...

Ubisoft Entertainment SA (OTC:UBSFF) has confirmed the closure of its free-to-play shooter XDefiant, which launched in May. Alongside this decision, the company is shutting down three production studios and laying off 277 employees. Marie-Sophie de Waubert, Ubisoft's Chief Studios and Portfolio...

Microsoft Corp.’s (NASDAQ:MSFT) decision to shut down Arkane Austin, the studio behind acclaimed titles like Redfall and Prey, has faced blunt criticism from industry veteran and Arkane founder Raphaël Colantonio. Colantonio, now leading WolfEye Studios, described the decision to PC Gamer as...

Netflix Inc. (NASDAQ:NFLX) has shut down its Southern California AAA game studio, Team Blue, marking a significant shift in its gaming ambitions. The closure comes less than a year after the studio's formation and amid the departure of several high-profile executives brought in to spearhead a big-...

Riot Games, the studio behind League of Legends, has announced a series of layoffs affecting its League of Legends PC development team, alongside plans for future expansion. The news was delivered by Riot Games co-founder Marc Merrill in a statement posted to X: “This isn't about reducing...

Bandai Namco Holdings ADR (OTC:NCBDY) is facing internal shifts in its Japanese workforce following recent reports of project cancellations. Despite a strong release from its latest anime-based game, Dragon Ball Z: Sparking! Zero, which sold over 3 million units within 24 hours, Bandai Namco...

Epic Games CEO Tim Sweeney declared the company "financially sound" during a presentation at Unreal Fest 2024. This statement comes after a tumultuous period marked by significant layoffs and strategic divestitures. The Layoffs And Strategic Shifts In September 2023, Tencent ADR (OTC:TCEHY) backed...

Canadian game developer SkyBox Labs has laid off 25 employees, becoming the latest studio affected by the sweeping economic difficulties plaguing the gaming industry. In a statement shared on LinkedIn last week, SkyBox said: “Today we informed our studio that we made a reduction to our staff...

Microsoft Corp's (NASDAQ:MSFT) latest round of gaming layoffs has impacted key teams at Activision Blizzard, with those behind Call of Duty: Warzone Mobile and Warcraft Rumble bearing the brunt. These layoffs, numbering 650, follow an earlier cut of 1,900 employees this year, bringing the total to...

Rocksteady Studios has reportedly laid off several employees following the disappointing performance of its latest title, Suicide Squad: Kill the Justice League. According to reports from Eurogamer, the studio’s quality assurance (QA) team has been particularly hard hit, with 18 out of 33...

Ubisoft Entertainment SA‘s (OTC:UBSFF) ongoing restructuring efforts have resulted in another round of layoffs, this time impacting staff across two of its U.S.-based studios. The French video game publisher, known for blockbuster franchises like Assassin’s Creed and Tom Clancy’s...

FromSoftware president Hidetaka Miyazaki addressed the ongoing issue of layoffs in the video game industry, asserting his commitment to protecting his studio. Amid mass layoffs at major companies like Embracer Group AB (OTC:THQQF), Microsoft Corp. (NASDAQ:MSFT), and Sony Group Corp. (NYSE:SONY),...

The Communications Workers of America (CWA), the largest communications and media labor union in the U.S., has filed Unfair Labour Practice charges against Lionbridge Technologies, a supplier for Microsoft Corp. (NASDAQ:MSFT). According to the CWA press release, Lionbridge laid off an entire Idaho-...

Xbox boss Phil Spencer addressed the closures of several Microsoft Corp.’s (NASDAQ:MSFT) gaming studios, including Redfall developer Arkane Austin and Hi-Fi Rush developer Tango Gameworks. In a recent interview with IGN’s Ryan McCaffrey at IGN Live, Spencer stated he had to make...

Behaviour Interactive has announced significant layoffs, affecting up to 95 employees — 70 based in its Montreal office. According to GamesIndustry.biz, the decision comes as part of what the company terms “structural changes” to pursue a “clarified vision.” The studio has...