Find out how to kick start your games industry career

Get Your Free Ticket Today

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

Find out how to kick start your games industry career

Get Your Free Ticket Today

More stories

Nordisk Film invests $4.5m in Nitro Games

Investor's funding will establish it as the studio's largest shareholder

By James Batchelor

Nitro Games sets sights on €3.2m IPO

Finnish mobile dev aims to raise capital ahead of shift to self-publishing model

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.