Tag Archives: losses

More staff redundancies have taken place at Australian outfit Krome, reports suggest. According to apparent anonymous sources, as many as fifty staff have been let go at the developer’s Brisbane studio. The developer was recently revealed as the team behind the Xbox Live Game Room – Microsoft’s latest addition to …

Activision has confirmed that the reshuffle at its US office will result in alterations to the structure of its UK operations, though the exact details remain unclear for now. We are realigning our structure to better reflect our slate and the market opportunities in Europe as well as directing our …

UK studio Rebellion has confirmed job cuts at its Oxford base, adding that its Derby studio has now closed. Back in January the company’s Derby studio entered a consultation process whereby staff were interviewed and formally warned they may face redundancy. The full story can be read on Develop.

Longstanding UK developer Rebellion has made a small number of staff at its Oxford HQ redundant, a source close to the matter has claimed. Our source says that up to 20 Oxford-based developers could be handed their notice. It is also thought that Rebellion has all but confirmed the closure …

US retailer Blockbuster has posted some disturbing numbers for its most recent financial quarter, with Q4 net losses at the company hitting $434.9m – up on the already savage $359.8m loss suffered in the same period a year before. Revenues fell by 18 per cent to $1.08bn. Company debts are …

Activision revealed the brutality of its latest redundancy operation over the weekend by confirming that Red Octane’s offices had closed down with substantial jobs cut. The closure of RedOctane – a studio which only a year ago appeared in excellent health – adds to a worryingly growing list of Activision …

Codemasters has this morning told MCV that talk of an impending closure of its US office is incorrect, though it has confirmed six job losses at its Californian operation. Consumer website IGN last night reported that Codemasters had laid off the marketing staff at its American operations and will soon …

Japanese publisher Namco Bandai has reported a loss of 81.3m for the nine months ending December 31st 2009 – a sharp drop from the 62.3m profit it saw in the same period the year before. So bad were the results that Namco Bandai has confirmed that it is to shed …

Namco Bandai will cut around ten per cent of its workforce in a bid to save the company $38m. Some 630 of its workers will be made redundant, the Tokyo-headquartered group said, as part of a wider measure to save the company an annual $88 million. To read the publisher’s …

Sources at Sony’s Liverpool, UK studio say that its head-count will ultimately be reduced by about half. The news comes after the format-holder confirmed last week that the development team was to be ‘restructured’ following project cancellations. At the weekend sources told Develop that as much as 50 per cent …