Business
Jam City Lays Off 17% of Staff
Game Developer Jam City, which is the team behind the mobile titles such as Harry Potter: Hogwarts Mystery and Disney Emoji Blitz, has reportedly laid off around 17% of their staff which essentially impacts hundreds of employees throughout the company, according to VentureBeat.
The primary impact of the layoffs was felt within subsidiary studio Ludia, who were behind Jurassic World Alive. Jam City is also behind the blockchain game Champions Ascension.
Jam City said, in an official statement, that the decision to lay off between 150 to 200 people across the firm was a “necessary move to enhance our flexibility and increase operating efficiencies, better positioning Jam City for long-term growth.”
“This also follows a broader restructuring we recently completed to realign our development teams under genre divisions focused on subject-matter expertise to optimize performance,” the statement continued. “We thank those who are leaving us for their many contributions and are providing severance packages and benefits to help with the transition.”
Furthermore: “In light of the challenging global economy and its impact on the gaming industry, Jam City has made the difficult decision to reduce the size of our team by about 17%. In recent years, we have made a number of strategic acquisitions, and this move represents a right sizing of our work force to address redundancies associated with those transactions.
“While Jam City remains profitable, we believe that in the current operating environment, this is a necessary move to enhance our financial flexibility and increase operating efficiencies, better positioning Jam City for long-term growth. This also follows a broader restructuring we recently completed to realign our development teams under genre divisions focused on subject-matter expertise to optimize performance. We thank those who are leaving us for their many contributions and are providing severance packages and benefits to help with the transition.”
FromSoftware title ‘Armored Core 6: Fires of Rubicon’, which is published by Bandai Namco, has laid claim to the top spot of the boxed charts in the United Kingdom this week following it’s August 25th release.
Armored Core 6’s debut pushed Mario Kart 8 Deluxe to the second overall spot in news that video game journalists have been covering extensively.
According to GamesIndustry.biz, Bandai Namco believes that ‘Armored Core 6: Fires of Rubicon’ is a “big step up in the franchise’ and communicated their hopes that it would surpass previous Armored Core games following the increased popularity in the game developers work on Elden Ring.
The United Kingdom charts also saw The Legend of Zelda: Tears of the Kingdom move back to the 3rd spot, and FIFA 23 holding the 4th spot.
The biggest rise was from Lego Star Wars: The Skywalker Saga, which jumped back in the top top from it’s previous 24th spot to land in 6th with a 146% increase in sales. That game, along with Hogwarts Legacy, is currently a part of a Playstation 5 bundle.
The Witcher 3: Wild Hunt Game of the Year edition entered the Top Ten this week with an appearance in the 9th spot.
The news wasn’t so good for The Texas Chainsaw Massacre which saw a debut in the 13th spot last week but has now dropped to 37th following a 43% decrease in sales week-on-week, despite it’s initial push on every video game streaming platform following it’s heavily hyped arrival.
Here is a breakdown from the United Kingdom Boxed Top Ten for the week ending on August 26th, via GamesIndustry.biz.
| Last Week | This Week | Title |
|---|---|---|
| New Entry | 1 | Armored Core VI: Fires Of Rubicon |
| 1 | 2 | Mario Kart 8 Deluxe |
| 4 | 3 | The Legend of Zelda: Tears of the Kingdom |
| 3 | 4 | FIFA 23 |
| 9 | 5 | Hogwarts Legacy |
| 24 | 6 | Lego Star Wars: The Skywalker Saga |
| 5 | 7 | Mortal Kombat 11 Ultimate |
| 7 | 8 | Minecraft (Nintendo Switch) |
| 12 | 9 | The Witcher III: Wild Hunt GOTY Edition |
| 2 | 10 | Grand Theft Auto V |
Interactive drama developer and BAFTA-nominated studio Scriptic has raised a total $6.2 million in additional seed funding, including $500,000 from the Sony Innovation Fund, bringing the total seed investments to $8.7 million.
The funding will be deployed to continue going towards the expansion of its mobile narrative offerings, and the studio aims to provide its generative AI developer tools to more writers and storytellers.
“It’s a huge honor to have Sony Innovation Fund join our roster of stellar investors, and we’re thrilled that they share our vision for the future of interactive media and storytelling,” Scriptic CEO Nihal Tharoor said, according to GamesIndustry.biz.
This marks another example of studios who find Angel Investors and find VC investors to fund their initiatives, and those deals making waves in the gaming industry.
Sony Interactive Entertainment (SIE) is set to officially acquire headphones manufacturer and audio technology company Audeze, officially entering a deal to purchase the company, according to GamesIndustry.biz.
SIE is aiming to expand the audio technology of Playstation games and with this deal, not only will Audeze help them in that mission but Audeze will continue to operate as a separate entity and develop its audio products, per a number of video game journalists covering the story.
“Audeze is a premier brand for headphones, and this acquisition highlights Sony Interactive’s focus on innovation and providing the best audio experience to PlayStation players,” SIE senior vice president of platform experience Hideaki Nishino said.
Stay tuned for more updates regarding this story.
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