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."

Tags: Sumo Group

Share:

Sources:

Report mistake Submit news

Related news

View All

Sumo Group Acquires Midoki

Sumo Group announced the acquisition of mobile game developer Midoki. The financial details of the deal were not revealed. Carl...

Business

Sep 05, 2023

Feeble Minds Announced

Two of Coffee Stain’s co founders, Oscar Jilsén and Mikael Mård, have revealed that they have started a new game...

Business

Dec 05, 2025

G2 Esports Partners with Betpanda

G2 Esports has revealed a new partnership with Betpanda, an online crypto casino platform. Starting in 2026, Betpanda will become...

Business

Dec 03, 2025

ByteDance Looking to Sell Moonton

TikTok’s parent company, ByteDance, is reportedly discussing the sale of Shanghai Moonton Technology Co., the studio behind Mobile Legends: Bang...

Business

Dec 01, 2025

FaZe Esports Pass Launched

GameSquare Holdings, has announced the launch of the FaZe Esports Pass. This new digital membership is developed in partnership with...

Business

Nov 24, 2025

Sumo Group to Lay off 250 People

Business

12 June 2024 09:12

Tags: Sumo Group

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."

Share:

Sources:

Report mistake Submit news