The Sumo Group, a British company recently acquired by Chinese Tencent, has announced plans to lay off around 250 employees as part of a restructuring effort to adapt to the current state of the industry.
Challenges and Restructuring
In a statement reported by GI.biz, the company acknowledged facing numerous recent challenges and stated that restructuring operations across the business is necessary to better navigate future challenges expected in the coming months. This move is aimed at ensuring the future security of the business.
Cost-cutting Measures
To reduce costs across its operations, The Sumo Group has been compelled to lay off up to 15% of its workforce in countries like Canada, the UK, Poland, the Czech Republic, and India. This decision has resulted in the dismissal of approximately 250 employees.
Notable Games
The Sumo Group is known for developing popular games such as Sackboy: A Big Adventure and Crackdown 3, as well as contributing to titles like Team Sonic Racing, Forza Horizon, and Hogwarts Legacy.
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