505 Games owner Digital Bros announces plans to lay off 30% of its workforce
Digital Bros, the parent company of Terraria publisher 505 Games, has announced plans to cut around 30% of its workforce in a new restructuring program.
The details:
The Italian firm described the restructuring as an "organizational review across its development studios and publishing units," confirming that approximately 30% of its employees will be laid off across its offices, which include Assetto Corsa developer Kunos Simulazioni and DR Studios, the team behind Terraria's mobile port.
In a press release, Digital Bros. says that due to "consumers increasingly reverting to well-established Intellectual Properties and playing these same games for longer periods," the company has "had to adapt to this new and evolving competitive scenario” and will now focus on the “release of sequels and new versions of previously successful and established games, with a limited number of new larger budgets productions."
Digital Bros has joined a long list of companies in the gaming industry that have announced significant layoffs or even closures in the last week, including Ubisoft, Digital Extremes, Amazon Games, Activision, and indie developer Samurai Punk, all of which have announced major internal changes with hundreds of job cuts and divisions being shut down. Unity also confirmed that layoffs are expected in the coming months.
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