UK Games Industry Hit with More Layoffs - Team17 Latest to Cut Jobs Amid Difficult Year

UK games industry redundancies continue, with significant layoffs at Worms maker Team17.
Around 50 QA roles at Team17 are at risk, with CEO Michael Pattison also leaving the company.
Team17 shares have fallen nearly 50% since January amid disappointing financial results.
News follows reports of major layoffs at Creative Assembly and Mediatonic's Fall Guys studio.
Layoffs are the latest blow to the struggling UK games industry this year.

ign.com

Relevant topic timeline:

9/28/2023

Epic Games Lays Off Hundreds as It Cuts Costs, Fights Apple Lawsuit

Epic Games is laying off 16% of its employees and divesting Bandcamp and SuperAwesome, citing financial sustainability and a transition to becoming a leading metaverse company as reasons for the layoffs.

10/2/2023

Team 17 Announces More Layoffs and Leadership Change Amid Restructuring

Team 17, the British indie developer and publisher, is facing a wave of layoffs, including the departure of its CEO, as the studio undergoes restructuring and consultation with potentially significant cuts in staff.

10/2/2023

Team17 Begins Restructuring, CEO Departs Amid Layoff Fears

Team17 has announced a company restructure that may result in significant job losses, with the Internal QA team expected to be the most affected, following reports of layoffs at Epic Games.

10/6/2023

Telltale Confirms Small Layoffs Due to Market Conditions, But All Projects Still in Development

Telltale Games has confirmed layoffs at the company due to market conditions but reassured that all ongoing projects, including The Wolf Among Us 2, are still in development.

10/6/2023

Telltale Games Lays Off Majority of Staff Again, 5 Years After Previous Mass Layoffs

Telltale Games, the video game studio, has laid off employees due to current market conditions, but they are committed to supporting those impacted and continuing development on their ongoing projects. The layoffs are part of a trend of mass layoffs in the gaming industry, leading to increased discussions around unionization.

10/24/2023

Media Molecule Lays Off 20 Staff Members Amid Wider Games Industry Downsizing

Video game developer Media Molecule has confirmed layoffs, with 20 staff being made redundant as part of a headcount reduction.

Topics

Posted 10/2/2023, 1:35:54 PM

UK Games Industry Hit with More Layoffs - Team17 Latest to Cut Jobs Amid Difficult Year

UK games industry redundancies continue, with significant layoffs at Worms maker Team17.
Around 50 QA roles at Team17 are at risk, with CEO Michael Pattison also leaving the company.
Team17 shares have fallen nearly 50% since January amid disappointing financial results.
News follows reports of major layoffs at Creative Assembly and Mediatonic's Fall Guys studio.
Layoffs are the latest blow to the struggling UK games industry this year.

ign.com

Relevant topic timeline:

9/28/2023

Epic Games Lays Off Hundreds as It Cuts Costs, Fights Apple Lawsuit

10/2/2023

Team 17 Announces More Layoffs and Leadership Change Amid Restructuring

10/2/2023

Team17 Begins Restructuring, CEO Departs Amid Layoff Fears

Team17 has announced a company restructure that may result in significant job losses, with the Internal QA team expected to be the most affected, following reports of layoffs at Epic Games.

10/6/2023

Telltale Confirms Small Layoffs Due to Market Conditions, But All Projects Still in Development

Telltale Games has confirmed layoffs at the company due to market conditions but reassured that all ongoing projects, including The Wolf Among Us 2, are still in development.

10/6/2023

Telltale Games Lays Off Majority of Staff Again, 5 Years After Previous Mass Layoffs

10/24/2023

Media Molecule Lays Off 20 Staff Members Amid Wider Games Industry Downsizing

Video game developer Media Molecule has confirmed layoffs, with 20 staff being made redundant as part of a headcount reduction.