Earlier this year, Swedish company Embracer Group saw a deal fall through to the tune of $2 billion USD, something that caused its stock to plummet back in May. Now, thanks to a new Axios report, we know more about exactly who that deal was supposed to be with a Saudi Arabia-backed investment group.
While Activision Blizzard had some bright spots in its recent Q2 financial reports, there's a definite shadow over esports. After laying off a reported dozens of esports staff, the future of the Overwatch League is uncertain.
Pokémon Go developer Niantic has laid off 230 people, shut its Los Angeles studio, canceled its previously announced Marvel: World of Heroes, and is closing down NBA All-World.
Dauntless and Fae Farm developer Phoenix Labs is the latest studio to be hit by a round of layoffs. In addition to the job cuts, the team is also reducing their in production lineup.
A series of layoffs at Amazon means about 100 Amazon Games employees are affected. But most of its studio teams are actually expanding.
CCP Games, the developer of EVE Online, has laid off 13 employees across its Reykjavik and London studios as part of what the developer calls a restructure across its development, publishing, and operations teams.
NCSoft West has been hit with a round of layoffs according to a report by VentureBeat. The report states that at least 20% of its staff has been affected, and has seen its CEO depart the company as well.
Microsoft announced today that it would be cutting up to 10,000 jobs at the tech giant across its workforce, with reports stating that the gaming divisions at both Xbox and Bethesda are affected by the layoffs. This was announced exactly one year to the day that Microsoft told the world they planned on acquiring Activision Blizzard for billions.
Microsoft has laid off hundreds of its staff across multiple divisions, with speculation including its Xbox gaming sector, in a move that is described as a shift in business priorities.
It seems that MMO publisher Gamigo has been hit with layoffs affecting multiple teams at the publisher, notably the oft-forgotten MMO, RIFT.
Over the weekend, there were reports coming in that ArtCraft has laid off some of the Crowfall team. While there hasn't been an official announcement, Val Massey, who spent five years in community management for Crowfall, tweeted "Gutted and gobsmacked to hear about the @ArtCraftEnt layoffs today. " The number of affected team members is unknown.
As Magic: Legends winds down, shuttering before it ever existed its open beta, Cryptic Studios has been hit with layoffs due to the closure. According to a former employee at Cryptic, the team has been hit with 44 employees laid off who were working on Legends.
Gamigo has a RIFT problem, and right now the way it's publicly handling that problem doesn't seem to be alleviating fan fears about the MMORPG's future.