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.”

Tags: Fishlabs

Share:

Sources:

Report mistake Submit news

Related news

View All

Valorant Mobile Hits 10 Million Daily Active Players in China With No International Release in Sight

TL;DR * Riot Games announced via Weibo that Valorant Mobile has surpassed 10 million daily active players in China, nine...

Business

May 05, 2026

Epic Games Store Launches on iPhone in Japan

TL;DR * The Epic Games Store has launched on iPhone in Japan following the Mobile Software Competition Act enacted in...

Business

May 05, 2026

Xbox Revenue Falls 10% Quarter-Over-Quarter in First Earnings Under Asha Sharma's Leadership

TL;DR * Microsoft's Q3 FY2026 earnings report shows Xbox revenue at $5.34 billion, down 10.4% from $5.96 billion the previous...

Business

Apr 30, 2026

BNK FearX's Diable Faces LCK Trade Deadline After Youth Demotion

TL;DR * BNK FearX's 18-year-old mid laner Diable was demoted to the youth roster on April 28 following a missed...

Business

Apr 29, 2026

Xbox's Asha Sharma Confirms Memory Shortage Will Impact Project Helix Price and Availability

TL;DR * Xbox CEO Asha Sharma has admitted that the global memory shortage crisis will directly affect Project Helix's pricing...

Business

Apr 29, 2026

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