Gameloft Toronto Cuts Around 50 Jobs, Production Activity Slowed

What’s happening at Gameloft Toronto?

Gameloft has fired 49 employees at its Toronto studio due to the current situation in the games market, GamesIndustry.biz reports. A company spokesperson stated that the decision to “implement a reduction in workforce” was “necessary” after a thorough review of their production capacities. Their decision aims to align the studio with the ever-changing market conditions.

Official statement from Gameloft

The company stated that “after careful consideration and in response to the ever-changing market conditions we are facing, it has become necessary to implement a reduction in workforce.”

• “Unfortunately, this leads us to substantially reduce our production activity in our Toronto studio and to let go some employees of the office.”
• “This decision has not been taken lightly, and we understand the impact it may have on affected employees. We will be working with them, on a case-by-case basis, to find the best way to handle their situation.”

Employees from the Irvine-based electric vehicle manufacturer have started updating their LinkedIn profiles to signal their availability for new job opportunities, citing the recent layoffs as the reason.

Impact on Gameloft Toronto

The majority of the Gameloft Toronto staff have been laid off.

• Unaffected teams: Only the HR, IT, and management teams remain unaffected.
• Disney Magic Kingdoms: The studio’s ongoing project will be transferred to Gameloft’s Kharkiv studio in Ukraine. Additionally, another project in development at the Toronto studio was canceled after the first round of layoffs in February.

Community and industry reaction

Community manager Tasha Huggins confirmed the layoffs in a LinkedIn post, mentioning that it was her last day at Gameloft Toronto. She highlighted the talent entering the job market and encouraged employers to reach out for recommendations on the laid-off employees.

Gameloft previously underwent a second round of layoffs in April, impacting an additional 40 employees. The company’s steps underscore the broader industry trend of adapting to market fluctuations by streamlining operations and focusing on core production capacities.

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