Sumo Group to Lay off 250 People
From TwogPedia
News/Sumo Group to Lay off 250 People
Business
12 June 2024 09:12
According to a recent blog post, Sumo Group plans to reduce costs by potentially laying off up to 15% of its workforce, roughly 250 employees. The company stated that it acknowledges the challenges within the gaming industry and aim to restructure to navigate future difficulties. Sumo Group is known for its work-for-hire and co-development services for companies like PlayStation, Microsoft, and Sega, as well as its indie publishing arm, Secret Mode. Sumo Group operates offices in Europe, India, and Canada.
More:Offbrand Partners with Pirate Software
The company stated "Every day the incredibly talented people across Sumo studios are dedicated to creating great games and bringing ground-breaking experiences to players worldwide. That work and dedication over the past 21 years has helped to put Sumo on the map and build a family of studios that are second to none, and we are incredibly proud of what Sumo has become. Whilst Sumo has been able to manage through many of the recent difficulties the games industry has faced, we have not been immune and reshaping operations across the business to better navigate the upcoming challenges expected in the coming months is a path we must now take to ensure the security of the business going forward."
Sumo Group announced the acquisition of mobile game developer Midoki. The financial details of the deal were not revealed. Carl...
Business
Sep 05, 2023
The CEO of Xbox Asha Sharma told staff at an all-hands on 6 October that Microsoft was preparing to do...
Business
Oct 07, 2026
Both Finals and Arc Raiders will be on screen. Nexon signed a deal with Chernin Entertainment, the film and TV...
Business
Oct 07, 2026
Disney flat out denies the rumours of a potential acquisition of Epic Games. Dana Walden stated "Well I think...
Business
Oct 05, 2026
Disney flat out denies the rumours of a potential acquisition of Epic Games. Dana Walden stated "Well I think that...
Business
Oct 05, 2026