LogInDigital Bros Group says that it's all for the sake of releasing "sequels and new versions of previously successful and established games".
Image credit: 505 Games, Death Stranding
Digital Bros Group, the parent company of 505 Games and several other gaming subsidiaries, has decided to undergo an "organizational review" that will result in a reduction of its workforce by approximately 30%. With a current employee count of 442 people, this means that around 130 workers are expected to be affected by the layoffs on a global scale. The company states that these cuts come after a comprehensive evaluation of projects within its development studios and publishing units, which include renowned studios like Kunos Simulazioni, Infinity Plus Two, and DR Studios. The primary aim of these measures is to align the company with the evolving competitive landscape and ensure optimal operational efficiency.
"The videogame market has evolved since the pandemic to be more selective in terms of new games, with consumers increasingly reverting to well-established Intellectual Properties and playing these same games for longer periods. Digital Bros' strategy has had to adapt to this new and evolving competitive scenario and will focus its efforts moving forward on the release of sequels and new versions of previously successful and established games, with a limited number of new larger budgets productions.
In order to prioritize high-quality and long-standing successful titles, Digital Bros has reconsidered the number of projects under development and as such, will review the organization structure accordingly to align with the evolving competitive environment in the medium to long-term to ensure maximum operational efficiency," stated the company in its press release.
In light of the market assessment and the significant workforce reduction, Digital Bros has outlined its revised strategy. Going forward, the company will focus on developing "sequels and new versions of previously successful and established games," while limiting the number of new large-budget productions.
Earlier on, major technology companies, such as Google, Amazon, Snap, and Zillow, announced a new round of layoffs as part of their ongoing workforce reduction efforts.
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