Layoffs hit Griptonite Games, the Studio behind Shinobi

More layoffs…

Posted By | On 02nd, May. 2013 Under News | Follow This Author @Rengarious


5th Cell lead animator Tim Borrelli has tweeted that the layoffs are happening at Shinobi developer Griptonite Games.

Here is the official statement from Glu Mobile CEO Niccolo de Masi:

“We believe concentrating resources on fewer titles, with a greater centralized support infrastructure will accelerate revenue growth in Q4 2013 and beyond. We made over 20 new ‘games-as-a-service’ (GaaS) hires in Q1 and anticipate hiring at a similar rate throughout the year. Our goal is to shift headcount investment out of raw studio team volume and into our centralized GaaS functions.

This rebalancing is expected to leave R&D costs approximately flat year over year. A reduction in force was commenced today to promote talent density throughout the studio, as well as fund over 80 new GaaS colleagues. This reduction is equivalent to circa 12% of the year’s starting headcount of 564 employees. Adding back forecast hiring we anticipate finishing 2013 with 582 Gluers worldwide.”

Good luck to all the people that have lost their job recently and hopefully they will find a new place to work at.

Stay tuned on GamingBolt for more gaming news and leave any comments you have down below.

Source – IGN

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