Layoffs Hit OpenFeint Owner GREE

Mobile games publisher and developer GREE has laid off 25 employees today. The layoffs are directly tied to the shut down of its mobile social gaming platform, OpenFeint.

"GREE, which recently announced the closure of mobile social gaming platform, OpenFeint, is focusing its US business primarily on its own titles and developer partner titles," said the company in a statement. "As part of the company's internal US reorganization, a majority of the GREE games platform team will be transitioned to new departments with redundancies in some areas. The overall GREE Platform business will begin transitioning to its operations in Tokyo as a part of this change."

GREE purchased OpenFeint for $104 million in April 2011. the company surprised developers when it decided last month to shut it down by the year's end. The company later apologized for giving game developers using the technology such short notice.

In stark contrast to the layoffs (which we assume will save GREE some money), the company recently announced that it would invest $3 million in investments for MyHorse developer MunkyFun.

Source: GII

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