Trending Games | Spellbreak | ArcheAge | Red Dead | Black Desert Online

    Facebook Twitter YouTube Twitch.tv YouTube.Gaming Discord
Register
Quick Game Jump
Members:3,905,824 Users Online:0
Games:783 
ArenaNet | Play Now | Official Site
MMORPG | Setting:Fantasy | Status:Final  (rel 08/28/12)  | Pub:NCSoft
PVP:Yes | Distribution:Download,Retail | Retail Price:Free | Pay Type:Free | Monthly Fee:Free
System Req: PC Mac | Out of date info? Let us know!

Updated & Confirmed: ArenaNet Announces Layoffs, How Many As Yet Uknown

Posted by Suzie Ford on Feb 21, 2019  | Comments

Updated & Confirmed: ArenaNet Announces Layoffs, How Many As Yet Uknown - MMORPG.com

UPDATED: Lead Game Designer Jennifer Scheurle has confirmed the layoffs via Twitter. The employee meetings have been completed as of this writing, while those affected are processing the news.

Kotaku has just published an article suggesting that ArenaNet is j"planning big layoffs" according to one person inside the company. The article further states that, while the number is not yet known, it will be a "significant number of people".

According to the report, Songyee Yoon, NCSoft's CEO, has informed employees via email. "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. Where we are is not sustainable, and is not going to set us up for future success." 

As a result of the above, the company will be cutting costs "across the organization" and will restructure several departments including merging "ArenaNet's and NCSoft's publishing divisions". 

According to the inside source, ArenaNet CEO Mike O'Brien will be meeting with staff members about the email and that more information about layoffs will be disseminated at the time. UPDATE: According to Kotaku, those affected will be provided with two months severance if one of those laid off.

Around 400 people work at ArenaNet, and for the past few years they’ve been working on a number of unannounced projects, according to one person familiar with goings-on at the company. However, that person said, slow development progress combined with a lack of new games in 2018 and 2019 has led to a financial squeeze. ArenaNet’s last release, the Path of Fireexpansion for Guild Wars 2, launched in September 2017.

Read the full report at Kotaku.

Suzie Ford / Suzie is the former Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom
9.3
Avg. User Rating: 8.6
(1376 Votes)