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Nitro Games enters negotiations to layoff up to 30 staff

Under-performing Heroes of Warland puts half of studio's workforce at risk

Finnish mobile developer Nitro Games has entered negotiations with workers to layoff up to half its employees.

According to a statement released this week, the developer estimates it might need to cut a "maximum" of 30 positions from its total staff of 51.

The news comes along with the company's rough annual financial results which saw it post a loss of €5.7 million, equating to a 38% increase year-on-year.

While revenues were up nearly 29% for the year to €2.2 million, Nitro's latest release Heroes of Warland under-performed and suffered from technical issues during launch.

"We are not satisfied with the results of the initial launch of Heroes of Warland as a whole," said CEO Jussi Tähtinen. "We failed to reach satisfactory game performance and monetisation."

In a statement, Nitro Games said the negotiations "concern possible terminations, layoffs, reduction of contracts of employment to part-time contracts, combinations and restructuring of functions and duties".

Under Finnish law, employers must enter Cooperation Negotiations when cutting 20 jobs or more -- the negotiations will begin on February 25 and are expected to last six weeks.

If you have jobs news to share or a new hire you want to shout about, please contact us on newhires@gamesindustry.biz

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