Funcom Confirms Layoffs

MMO maker Funcom is laying off some of its staff around the globe as part of previously announced "cost-adjustment initiatives." A Funcom representative confirmed ongoing layoffs in a statement to Polygon, but would not say just how many people might be out of work after the process is complete.

"As we announced in the stock notice that went out on August 10th, Funcom is in the process of reducing operational costs and this process includes temporary layoffs as well as other initiatives," reads a statement from the company to Polygon. "As we are currently in the middle of this process we cannot provide any further comment at the present time. Rest assured however that we have long-term plans for the company and that we remain fully committed to all of our games."

Some are laying the blame on a poor performance of its latest MMO, The Secret World, which brought in a lot less cash than the company expected. The game was widely panned by critics as being a decent game that felt under-developed. Earlier this month Funcom announced that it would be implementing cost-adjustment measures to free up cash flow. .

Source: Polygon

Tweet about this on TwitterShare on FacebookShare on Google+Share on RedditEmail this to someone