Update and confirmation: ArenaNet announces layoffs, how much they are still unknown



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Update and confirmation: ArenaNet announces layoffs, how many are still unknown - MMORPG.com

UPDATE: Jennifer Scheurle, lead designer of the game, confirmed the layoffs via Twitter. The meetings with the employees have been completed so far, while the people concerned are processing the news.

Kotaku has just published an article suggesting that ArenaNet is "planning big layoffs," according to a person within the company. The article further indicates that even though the number is not yet known, it will be a "significant number of people".

According to the report, Songyee Yoon, CEO of NCSoft, informed employees by email. "Revenues from our live gaming business are decreasing with the age of our franchises, PC development delays and mobile devices have created additional losses for our revenue projects, while our operating costs have increased in west, to prepare us for future success ".

As a result of the foregoing, the company will reduce its costs "throughout the organization" and will restructure several services, including merging the "Edition divisions of ArenaNet and NCSoft." ".

According to the internal source, Mike O. Brien, CEO of ArenaNet, will meet with staff about e-mail. Additional information on the layoffs will be released at that time. UPDATE: According to Kotaku, those affected will receive a two-month termination indemnity if any of these people is fired.

About 400 people work at ArenaNet. In recent years, they have worked on a number of non-advertised projects, according to someone familiar with the company's activities. However, said this person, the slow progress in development, combined with the lack of new games in 2018 and 2019, has resulted in financial tightening. The latest version of ArenaNet, the Way of Fireexpansion for Guild Wars 2, launched in September 2017.

Read the full report to Kotaku.

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