200 jobs lost as Gameloft closes Indian studio

MCV Staff 30th January 2013 Business News

In a surprise move, Gameloft has shut down its Hyderabad studio, resulting in a loss of around 200 jobs.

An inside source has told MCV that employees were informed of the closure on Tuesday. They were then asked to pack up and vacate the office and not report to work the next day.

Another affected source told us that an email sent out to all employees by human resources stated that the closure was a strategic decision” taken by Gameloft headquarters and was forced by unavoidable circumstances”.

All employees were made to sign two documents – one stating that they were resigning of their own accord, and another agreeing that Gameloft would carry out all financial settlements by February.

There are lots more details on this story on MCVuk.com’s sister site MCVIndia.com.

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