The games industry’s brutal wave of layoffs dominated all of 2023, and is continuing into 2024 as well. The last few days have brought news of layoffs at Unity, Lost Boys Interactive, Thunderful Group, and others, and another name has now joined that list in the form of CI Games, the publisher of Lords of the Fallen and Sniper: Ghost Warrior.

CEO Marek Tyminski announced the news on Twitter, confirming that the company has “made the tough but necessary to decision to implement a targeted round of redundancies” in order to “preserve business strength and stability”. The layoffs will affect around 10% of the company’s entire workforce.

“Further business optimisations are being made to the organisation’s pipelines and processes,” Tyminski wrote.

CI Games launched Lords of the Fallen in October, and announced later in the month that the game had sold over 1 million units. In November, the company said it expects the game to generate $100 million in net revenue over “the next few years”. The action RPG had a development and marketing budget of nearly $67 million.

To preserve business strength and stability, CI Games has made the tough but necessary decision to implement a targeted round of redundancies, affecting approximately 10% of employees across the company. We would like to thank each of them for the part they’ve played during their…

— Marek Tyminski (@tyminski_marek) January 18, 2024

Posted: Jan 22, 2024 9:37 pm
Related Forum: Gaming Discussion

Source: https://gamingbolt.com/lords-of-the-fallen-publisher-ci-games-is-cutting-10-of-its-staff