Ten Square Games will also suspend the development of two of its major projects – Undead Clash and Fishing Masters projects.
Poland-based mobile game development company Ten Square Games announced on Monday to let go one-fourth of its workforce by April-end and also decided to suspend two of its major projects. The maker of Fishing Clash and Hunting Clash blames the cost-cutting move on the unstable global economy.
According to a Reuters report, about 120 people will be affected by the job reduction. Furthermore, the company will suspend the development of two of its major projects – Undead Clash and Fishing Masters projects. Ten Square Games has also decided to book a write-down on these games, meaning reduce their nominal value.
The move will allow the company to focus its “resources and energy on the development of the main titles – Fishing Clash and Hunting Clash – in the coming months, and prepare for the further scaling of Wings of Heroes,” Ten Square Games chief Maciej Zuzalek said and as seen on Reuters. The gaming company will give the final write-down figures, after calculating severance pay, in its first-half report and the write-downs of the games will be included in Ten Square Games’ second-quarter results, the media report added.
Founded in 2022 and headquartered in Warsaw, Berlin, Ten Square Games is known for developing mobile games that are easy to play, highly engaging, and visually stunning. Apart from Fishing Clash and Hunting Clash, some of the company’s most famous and successful games include Let’s Fish, Wild Hunt, Wings of Heroes, Airline Commander, and more. With its latest cost-cutting measures, the Polish gaming company has joined hands with companies like Alphabet, Meta, Microsoft, and many others that have laid off thousands of employees in an attempt to gear up for a global economic slowdown.
Meta last month announced to reduce its team size by around 10,000 employees in its second round of mass layoffs. The Mark Zuckerberg-led company announced its first round of job cuts in November last year and laid off more than 11,000 employees. Google-patent Alphabet also announced in January to cut about 12,000 jobs, while Microsoft axes as many as 11,000 jobs amid grim global economic conditions.
