Codemasters Restucturing, Possible Layoffs - NewsWilliam D'Angelo, posted on 18 January 2013 / 2,625 Views
Codemasters has announced that it is restructuring, which may lead to layoffs. The digital and publishing teams will be the main areas affected.
There are 80 job that have been made redundant, according to a source which spoke with GamesIndustry International. That could mean 80 of its 500 employees may be laid off. However Codemasters said any numbers reported are just "speculative."
"As the Company realigns its operations to focus on areas of increased strategic importance and decrease resources in areas that are not delivering value for the business," said Codemasters in an official statement, "the Company has proposed the restructure of certain aspects within its digital development and publishing units in line with future product strategy."
"As a result of the proposed restructure, the Company has therefore entered into a period of collective consultation with the affected employees. The restructure is not companywide and is not anticipated to impact the development of its core console and PC titles such as Grid 2 or its annual Formula One title."