Fishlabs to Lay off 50 Employees

Fishlabs to Lay off 50 Employees

Business

30 November 2023 13:11

According to recent reports, Fishlabs will lay off 50 employees. The parent company, Plaion, subsequently confirmed that the cuts will be a part of a restructuring effort. Established in 2004, Fishlabs, a Hamburg-based developer renowned for the Galaxy on Fire series, faced financial challenges in 2013, leading to the laying off of 25 employees. Plaion, formerly known as Koch Media, and now part of Embracer's operating group, Deep Silver, acquired the studio to facilitate its continued operations.

More: Embracer Group Goes Through Restructring

“We understand the profound impact of this decision on our talented team at Fishlabs and are committed to handling this transition with the utmost respect and care,” the company said in a statement. “To support those affected, Plaion is committed to providing comprehensive support, including severance packages as well help with career transition services.”

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Fishlabs to Lay off 50 Employees

Business

30 November 2023 13:11

Tags: Fishlabs

According to recent reports, Fishlabs will lay off 50 employees. The parent company, Plaion, subsequently confirmed that the cuts will be a part of a restructuring effort. Established in 2004, Fishlabs, a Hamburg-based developer renowned for the Galaxy on Fire series, faced financial challenges in 2013, leading to the laying off of 25 employees. Plaion, formerly known as Koch Media, and now part of Embracer's operating group, Deep Silver, acquired the studio to facilitate its continued operations.

More: Embracer Group Goes Through Restructring

“We understand the profound impact of this decision on our talented team at Fishlabs and are committed to handling this transition with the utmost respect and care,” the company said in a statement. “To support those affected, Plaion is committed to providing comprehensive support, including severance packages as well help with career transition services.”

Share:

Sources:

Report mistake Submit news

Related news

View All

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• The partnership focuses on...

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