As a devoted fan of Thunderful Games and the SteamWorld series, I must admit that the recent news about the company’s restructuring and layoffs has left me feeling a tad deflated. The thought of some of the talented individuals behind these beloved games being let go is truly disheartening.
Thunderful Games, creators of the SteamWorld series, have announced that they are letting go between 80 and 100 employees as part of a company reorganization. They also plan to focus more on developing games for other companies (third-party games). In a press statement, Thunderful mentioned these changes were due to a “restructuring.” Additionally, some game projects within the company have been terminated without specifying their exact number.
Martin Walfisz, Thunderful’s CEO, expressed regret but noted that this isn’t the first time layoffs have occurred at the company this year. In January, Thunderful had to let go of 20% of its workforce due to a restructuring process, which Walfisz admits was necessary and inevitable.
Unfortunately, Thunderful is undergoing another restructuring in such a short period. This step is necessary, as per Walfisz, for the company’s long-term stability and robustness. By publishing games developed by external partners, we aim to cut down fixed expenses, gain more flexibility, and manage our cash flow more effectively. It’s with deep regret that we must let go of many skilled and committed employees.
As per the press statement, the estimated savings from these cuts could range between 80-90 MSEK, which is roughly $7.3-8.2 million, but most of these savings are anticipated to become effective only in Q1 of 2025. Immediately, however, the restructuring plan will be put into action.
Regarding shifting focus back to external game development, the company stated that they believe this move could potentially decrease their fixed expenses while increasing participation rates. However, they plan to maintain an internal team dedicated to projects such as the SteamWorld series and Lost in Random.
Recently, the latest game from Thunderful, titled SteamWorld Heist 2, hit the shelves in August and has garnered generally positive feedback, even scoring a 9/10 at TopMob.
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2024-11-15 19:09