Layoffs 2024: British Video Game Holding Company Sumo Group To Lay Off 15% of Its Employees; Check Details
Sumo Group, a British video game holding company, plans to lay off 15 percent of its workforce. The layoffs might impact about 250 employees across locations in India, Canada, the UK, Poland and the Czech Republic.
New Delhi, June 12: Sumo Group, the British video game holding company, plans to lay off 15 percent of its workforce. The layoff decision comes amid a difficult period in the gaming industry, where many companies are facing economic challenges.
The layoffs at Sumo Group will likely impact its studios, which include the well-known Sumo Digital and Secret Mode. The decision is expected to be a part of a strategy to streamline operations and adjust to the current market conditions. Sumo Group's announcement reflects the continuing difficulties within the gaming sector. CNN Layoffs Coming? Employees Fear About Potential Job Cuts as US-Based Cable News Network Signs New Deal With Associated Press for Content Usage Amid Struggling Ratings.
As per a report of IGN, Sumo Group announced the layoffs following an internal message sent to employees. The company stated that it has not been immune to the difficulties affecting the gaming industry and needs to reshape its operations to meet the upcoming challenges. The layoff decision may impact its studios, including Sumo Digital and Secret Mode, which are responsible for developing games such as Still Wakes the Deep.
Sumo Group's announcement indicates that they are exploring all possible alternatives to minimise the impact on their staff, but unfortunately, the transformation process will affect up to 15% of its employees across locations in India, Canada, the UK, Poland and the Czech Republic. Paytm Layoffs: Fintech Major Lays Off Undisclosed Numbers of Employees as Part of Restructuring After RBI Ban, Promises Smoother Transition and Outplacement.
Sumo Group has a workforce of over 1790 employees within Sumo Digital and Secret Mode. Consequently, about 250 employees may be impacted by the layoffs and the decision might have led to the total shutdown of Timbre Games. In their statement, Sumo Group said "This is an extremely challenging time for everyone at Sumo. Our priority now is to support our employees and collaborate with our partners on their projects as we go through this difficult period and prepare for the future."
(The above story first appeared on LatestLY on Jun 12, 2024 11:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).