Culver City, California-based Jam City, a video game developer of games related to Jurrasic Park and Harry Potter, has announced a reduction in force at the company and its subsidiary Ludia.
The layoffs impact 17% of the company's workforce or approximately 200 employees.
According to a company spokesperson, In light of the challenging global economy and its impact on the gaming industry, Jam City has made the difficult decision to reduce the size of our team by about 17 percent.
In recent years, we have made a number of strategic acquisitions, and this move represents the right sizing of our workforce to address redundancies associated with those transactions.
While Jam City remains profitable, we believe that in the current operating environment, this is a necessary move to enhance our financial flexibility and increase operating efficiencies, better positioning Jam City for long-term growth.
This also follows a broader restructuring we recently completed to realign our development teams under genre divisions focused on subject-matter expertise to optimize performance. We thank those who are leaving us for their many contributions and are providing severance packages and benefits to help with the transition.
While we’ve strengthened our business and games portfolio with amazing teams and titles like Disney Emoji Blitz, Bingo Pop, and Jurassic World Alive, we have also absorbed a number of redundant roles throughout the company.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
