Jam City lays off 17% of its staff | Pocket Gamer.biz

Harry Potter: Hogwarts Mystery and Disney Emoji Blitz developer Jam City has announced the layoff of approximately 17% of its workforce, somewhere in the region of 150-200 employees.

The round of layoffs comes after the company raised $350 million and acquired Montreal studios Ludia for $350 million. In addition to this, Jam City has several studios in the Americas, including Los Angeles, Toronto, and Buenos Ares.

Right now, it looks like the layoffs are primarily affecting staff in the San Diego office, as well as those at Ludia.

“In light of the challenging global economy and its impact on the gaming industry, Jam City has made the difficult decision to reduce our team size by approximately 17%. In recent years, we have made a number of strategic acquisitions, and this move represents a good size of our workforce to deal with the layoffs associated with these transactions,” a Jam City spokesperson said in a statement to Venturebeat.

“While Jam City remains profitable, we believe that in the current operating environment, this is a necessary move to improve our financial flexibility and increase operational efficiency, better positioning Jam City for long-term growth. This also follows a broader restructuring we recently completed to realign our development teams under gender divisions focused on subject matter expertise to optimize performance We thank those who are leaving us for their many contributions and provide severance and benefits to ease the transition.

Last year, Jam City scrapped plans to go public at a $1.2 billion valuation through a merger with DPCM Capital Inc.

In June, we wrote that Lisa Anderson had been newly named to the position of executive vice president of Jam City. Last year, Jam City ranked 15th in our list of the top 50 mobile game makers 2021.

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