Frontier Developments to Layoff an Unknown Number of Employees - News
by William D'Angelo , posted on 03 November 2023 / 4,143 Views
UK developer Frontier Developments is planning to lay off an unknown number of staff as it conducts an organizational review.
The organizational review is expected to conclude by early 2024 and is expected to result in layoffs, a freeze on new hires and reduce spending costs by up to 20 percent. An update on the review is expected to be released alongside Frontier's financial results in January.
The studio says the current portfolio of games "continues to perform in line with expectations" and is hopeful Warhammer Age of Sigmar: Realms of Ruin will perform well.
Frontier Developments in the most recent financial report showed revenue dropping eight percent to £104.6 million for the full year ending May 31 and an operating loss of £26.6 million compared to an operating profit of £1.5 million the year before.
Frontier Developments is best known for developing the F1 Manager series, Planet Coaster, Planet Zoo, Jurassic World Evolution, and Elite Dangerous.
Thanks, GamesIndustry.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Computer games is a tough industry. You live or die in the first couple of months of each release. Let's hope their next game is a surprise success.
Sad to hear this. With the many layoffs this year from so many corps it would be prime time to open new studios and allocate these free agents.
