Mass Layoffs at ArenaNet

ArenaNet, the studio online games Guild Wars and Guild Wars 2, told employees that there will be big layoffs.

ArenaNet, the studio online games Guild Wars and Guild Wars 2, told employees that there will be big layoffs. ArenaNet did not provide exact numbers, but it appears that a significant number of people will be let go.

Songyee Yoon, the CEO of Korean publisher NCSoft West, which owns ArenaNet, sent a letter to employees. “Our live game business revenue is declining as our franchises age, delays in development on PC and mobile have created further drains against our revenue projects, while our operating costs in the west have increased,” she stated. “Where we are is not sustainable, and is not going to set us up for future success.”

Yoon said that the management team wants to “cut costs across the organization” and restructure across the board, merging ArenaNet and NCSoft’s publishing divisions in the process. “The restructuring, cost-cutting, and strategic realignments are all being done to secure our tomorrow and to provide the foundation that will allow us to grow and acquire.”

For the past few years, around 400 people have been working on a number of unannounced projects, but slow development progress and a lack of new games in 2018 and 2019 have led to a financial squeeze.

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