Tag Archives: losses

Brighton-based studio Relentless has issued redundancies to a number of staff, the outfit has told to Develop. The UK independent recently shifted its weight to focus work on digital games. That step away from retail, and the end of an exclusivity deal with Sony, initiated a reorganisation at the outfit. …

As many as 35 staff at newly independent developer Harmonix have been made redundant, reports have claimed. News site Joystiq understands that around 12 – 15 percent of the studio’s approximately 240-person staff has been affected” by a restructuring operation. A Harmonix spokesperson wouldn’t confirm the number of people affected, …

Japanese publisher Konami has reported a quarter of declines for the three months ending December 31st 2010. Revenue was down 1.4 per cent year-on-year at Y188,308m while operating income fell 50.6 per cent to Y16,541m. Net income was Y9,615m, down 9.5 per cent. However, this is a big improvement on …

Retailer GAME has this week informed staff members of 19 stores that it intends to close in the coming weeks. The move comes as part of the store closure plan outlined back in April 2010. "You will remember that last April we announced plans to close 85 UK stores over …

Disney Interactive has confirmed that it has axed a number of positions at its Disney Interactive Studios division. Though the numbers remain unclassified, it is rumoured that as many as half of the 700 employees have been made redundant. "As part of setting a strategic direction for future success in …

As many as 19 staff at Newcastle-based Ubisoft Reflections could be leaving the firm as part of a wider restructuring, Ubisoft has confirmed. This number includes several members of the studio’s senior development team. According to a Develop source at the company, currently working on Driver: San Francisco, staff were …

It was by all accounts a Black Tuesday for games development yesterday as job cuts were confirmed at two studios and one of the industry’s most respected developers faced up to a very uncertain future. Though the numbers are yet to be reported, LucasArts has confirmed a minor adjustment in …

In news that continues to emerge tonight, it appears as if Activision is to close the doors of UK developer Bizarre Creations. Around 200 jobs could be lost in the process. Bizarre is best known for creating Microsoft’s successful Project Gotham Racing series, though its gaming heritage began far earlier; …

Entertainment behemoth Disney has hinted at a move away from console gaming as the firm looks to the growth being enjoyed in the social and mobile game sectors. The business’ Interactive Media division has just reported a loss of $234m for the fiscal year ending October 2nd – a slight …

Publisher Namco Bandai has posted a net loss of 1.93bn (around $24m) for the first half of its financial year. The number is a big improvement on the loss of 6bn ($74m) seen in the same period a year before. Net sales for the period were up slightly at 173.60bn …