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Jam Metropolis has laid off a number of members of the employees right this moment. In keeping with the corporate it’s laid off about 17% of the workforce. Given the variety of staff it has, that is someplace between 150 and 200 staff.
Jam Metropolis is the cellular developer behind titles like Harry Potter: Hogwarts Thriller, Disney Emoji Blitz and, most lately, the blockchain sport Champions Ascension. Final 12 months it cancelled plans to go public by way of a $1.5 billion SPAC.
A spokesperson for Jam Metropolis mentioned in an announcement, “In gentle of the difficult world financial system and its affect on the gaming trade, Jam Metropolis has made the troublesome choice to cut back the dimensions of our workforce by about 17%. In recent times, we’ve got made quite a few strategic acquisitions, and this transfer represents a proper sizing of our work pressure to deal with redundancies related to these transactions.
“Whereas Jam Metropolis stays worthwhile, we consider that within the present working setting, it is a obligatory transfer to boost our monetary flexibility and improve working efficiencies, higher positioning Jam Metropolis for long-term progress. This additionally follows a broader restructuring we lately accomplished to realign our growth groups beneath style divisions centered on subject-matter experience to optimize efficiency. We thank those that are leaving us for his or her many contributions and are offering severance packages and advantages to assist with the transition.”
This comes lower than a 12 months after Jam Metropolis raised $350 million in financing on the identical time it acquired Montreal-based studio Ludia. Jam Metropolis additionally has studios in Los Angeles, San Francisco, San Diego, Las Vegas, Cedar Falls and Toronto, in addition to others in Bogota and Buenos Aires. It’s not clear if any studios are extra affected by the layoffs than others.
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