The layoffs in the games industry continue. This time it’s Lords of the Fallen publisher CI Games laying off 30 more people.
The latest round of layoffs come as part of the company’s plans to “preserve business strength and stability” that began in January. At the time, 10% of the company was let go.
In a statement given to GamesIndustry.biz, CI Games says that this round of layoffs is the “final, targeted round of redundancies”.
“All affected employees have been informed about this proposal today and will be fully supported throughout the process over the coming weeks,” a studio spokesperson told GIBiz.
Back in April, CI Games games reported record revenues of $60M after the success of Lords of the Fallen, which sold over 1 million copies.
“Thanks to its [Lords of the Fallen] successful launch and the continued, solid performance of the existing back catalogue, it was the best year in terms of revenues for CI Games Group,” CI Games CEO Marek Tymiński said in April.
It was also recently reported that the game was coming to Xbox Game Pass at some point in 2024. It’s final update came in late April as the studio announced it was moving on to future games.
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It’s always really frustrating to hear of a company making record profit and then followed that up by layoffs. The fact they made record revenue and it still wasn’t enough to keep those 30% of staff. Was that due to overblown budget of the game? Or just trying to sustain further profit by having less staff to pay?