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Tag Archives: losses

Hubertz quits as Bigpoint cuts 120 jobs

Heiko Hubertz has left his role as CEO as German online gaming giant Bigpoint cuts over 120 jobs. However, intense competition and the expense of paying employees in San Francisco – the second most expensive city in the US – has led Bigpoint to conclude that developing games in the …

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Microsoft confirms redundancies at Lionhead

A number of staff at UK studio Lionhead have his afternoon been told that their jobs are in danger. It is hoped that at least some of those affected will be found new roles within the wider Microsoft Studios network. The exact number of staff affected remains unknown. Following the …

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PopCap co-founder deflects job loss vitriol from EA

The co-founder of PopCap has insisted that the job losses at his studio would have been considerably worse if it did not have the backing of EA. It was reported overnight that a number of jobs have been lost at the developer, backing up rumours that have been circulating in …

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UPDATED: Judgement day nears for OnLive, though it denies closure

Streaming games company OnLive has been forced to publicly deny reports that it is on the brink of closure. It started with a tweet from InXile Entertainment’s Brian Fargo, who bluntly stated that: Just received an email that OnLive is closed as of today!” This was followed by a report …

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Losses narrow as 3DS fights on for Nintendo

Nintendo has reported a 10,331 million operating loss for the quarter ending June 30th 2012. That’s an improvement over the 93,928 million loss reported in the same period the year before. Net losses reached 17,231 million which, again, is an improvement over the 25,516 million net loss a year before. …

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GAME Australia enters liquidation

After along period of uncertainty, GAME isentering liquidation, and its administrator PriceWaterhouseCoopers has issued a final statement. The statement states that all remaining stores are closing down, and confirms the final numbers of staff being let go (after theinitial round of layoffstook place after thefirst creditors’ meetingon 23rd May) as …

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Nokia slashes a further 10,000 jobs

Finnish mobile phone company Nokia has announced a fresh round of redundancies with some 10,000 workers facing the sack. The move brings the total amount of staff laid off by the company since the appointment of current chief executive Stephen Elop in September 2010 to 40,000. "These planned reductions are …

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26 jobs lost at Operation Raccoon City dev

Slant Six has announced that 26 employees at the studio have been given a choice between a temporary layoff and a severance package, as the developer seeks to cut costs while taking on additional projects. The studio’s latest release, Resident Evil: Operation Raccoon City, was considered a great success by …

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UFC licence switch leads to San Diego studio job losses

THQ laid off the entire staff of its San Diego office today. Reports surfaced ontwittereariler this evening, claiming the layoffs were timed to coincide with press coverage of the E3 conference taking place in L.A. this week. THQ has taken massive hits financially in recent years, and has closed several …

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Trip Hawkins quits Digital Chocolate

EA founder Trip Hawkins has resigned from his role of CEO at digital games developer Digital Chocolate. Trip described the move as transitioning into a consulting and advisory relationship with Digital Chocolate”, with the company now said to be narrowing its focus” and getting more streamlined”. The news comes on …

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