MCV/DEVELOP News, events, research and jobs from the games industry
The entire editorial staff of fledgling video games website Crispy Gamer have been laid off, it has been confirmed. Furthermore, the news was followed by the immediate departure of CEO Chris Heldman, whom Joystiq reports walked away from the company in protest at the redundancies. The collapse comes just a …
Read More »11,500 dev layoffs since ’08
The global game industry has been hit by as many as 11,500 job losses since late 2008, a new study suggests. Research by entertainment analyst group M2 Research says that the final count for layoffs since the economic meltdown in late 2008 reached 11,488 worldwide, with the majority of the …
Read More »Oberon Media confirms job losses
Expansive casual games provider Oberon Media has been hit with what is speculated to be a large number of layoffs, with former COO Don Ryan having confirmed his departure and that he intends to open his own New York based venture. The full story is over at CasualGaming.biz.
Read More »Annual Take Two losses hit $137.9m
North American publisher Take Two has reported losses of $137.9m for its fiscal year ending October 31st. This compares to a net income of $97.1m last year. Revenue for the year hit $968.5m, which is down from $1.5bn year-on-year. 2008’s numbers were far higher thanks to the release of next-gen …
Read More »Losses increase at Playlogic
Amsterdam-based publisher Playlogic suffered a net loss of $6.7m for the nine months ending September 30th – a significant increase on the $2m loss suffered in the same period a year before. Net losses for the quarter ending September 30th reached $3.2m, only just above the $3m loss in the …
Read More »Rumour: EA shuts Pandemic
California–based developer Pandemic Studios is the latest victim of EA’s mass staff reduction operation, reports suggest, and may have closed down completely. An EA spokesperson was not available for comment as a news report from Kotaku went live and suggested that EA has shuttered the studio completely, taking as many …
Read More »Job losses detailed at EA studios
A total of seven EA-owned studios are alleged to be hit by the publisher’s mass-layoff operations. Pandemic, EALA, Maxis, Rupture Studios, Mythic, Tiburon and Black Box are all thought to be downsized as EA looks to shed 900 developers from its global workforce. EA has declined to comment on where …
Read More »500 publishing jobs go at EA
Electronic Arts has revealed that the vast majority of its global staff cuts will be made in its own development studios. Some 900 EA developers across numerous studios will be laid off, compared to the 500 cuts in publishing and 100 in corporate affairs. The total staff cuts are expected …
Read More »Losses up 26% at EA
Publisher EA has suffered another disappointing financial period with news that it suffered a $391m loss in its second quarter – a 26 per cent increase compared to the 310m loss in the same period a hear before. GAAP revenue was also down 12 per cent at $788m. In the …
Read More »Post-PS3 losses hit $4.7bn
As part of today’s financial report, Sony has confirmed that since the launch of the PS3 its PlayStation operations have lost a total of $4.965bn For its 2007 financial year – the period that followed the launch of PS3 – losses for Sony’s PlayStation operations hit $1.97bn. Despite falls over …
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