Majesco admits its future is in doubt

Majesco admits its future is in doubt

Games publisher Majesco is struggling to stay afloat and has warned that recent losses have raised substantial doubt on its ability to continue operating.

AnSEC filingstates the company laid off staff in development, game testing, marketing and support roles on October 31st. It also said the firm is currently not developing any significant new games for release in fiscal 2015”.

We are evaluating various alternatives, including reducing operating expenses and personnel costs, securing additional financing for future business activities, and other strategic alternatives including a sale or merger of our company,” read a statement.

Develop has more details.

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