Write what you are looking for and press enter to begin your search!

Logo
live-news-icon

Live News

Transformers One Trailer Teases The Origin Of Optimus Prime & Megatron: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // The iQOO Z9 Series Will Bring An Improved Gaming Experience In Malaysia Soon: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Potionomics: Masterwork Edition Brews Up Excitement With Voice Acting & New Difficulty Levels: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

ArenaNet The Next Company Hit By Layoffs

It wasn’t long ago that Activision Blizzard was hit by a huge layoff. The mighty Razer was also affected too. Today, alongside EA-owned Real Racing 3 developers, Firemonkeys, Guild Wars developers ArenaNet is slated to go down the same path.

It is reported that some staff reduction was planned, though the number to be affected was not specified.

A statement received explaining the situation reads:

“We can confirm that due to the cancellation of unannounced projects, ArenaNet will make staff reductions. This is part of a larger organizational restructuring within NCSOFT in the west, but the Guild Wars and Guild Wars 2 game services will not be affected, nor is any upcoming game content cancelled.”

According to the source, an email was sent to employees earlier today from ArenaNet parent company NCSoft’s CEO Songyee Yoon saying:

“Our live game business revenue is declining as our franchises age, delays in development on PC and mobile have created further drains against our revenue projects, while our operating costs in the west have increased. Where we are is not sustainable, and is not going to set us up for future success.”

The email continued by saying that the company would be cutting costs and restructuring the whole of ArenaNet and would merge ArenaNet’s publishing division with NCSoft’s. Moreover, some current and former employees of ArenaNet have offered details on Twitter. Lead game designer Jennifer Scheurle has explained in Twitter thread that “We are not being shuffled out right away, decisions are pending.

She also said that ‘she appreciates ArenaNet for being very very transparent’.

Here’s hoping that the affected people would continue doing what they are passionate about.


 

Related News

post-07
Battlefield Mobile Launches Its Open Beta

Today marks the official launch of Battlefield Mobile's Open Beta in the Philippines, Malaysia, Singapore, Indonesia and Thailand. Players from these...

post-07
Cities: Skylines 2 Is Coming To PC & Consoles This Year

Paradox Interactive has announced a sequel to its hit city-building game Cities: Skylines. Cities: Skylines 2 will be out for PC, Xbox Series, and ...

post-07
Here's What You Need To Run Deathloop On PC

Bethesda and Arkane just released the PC specs for its upcoming first-person shooter "Groundhog Day"-style action title Deathloop. For a pretty new 20...

Write a comment

Your email address will not be published. Required fields are marked *

Tournament Tool Kit

Kakuchopurei Community