Kotka-based developer Nitro Games has begun negotiations to layoff circa half of studio’s workforce following significant losses over the past financial year.
According to a report from GamesIndustry.biz, Nitro posted a loss of 5.7 million EUR in their most recent financial report, attributed mainly to launch issues and overall underperformance of their latest release, the mobile competitive multiplayer title Heroes of Warland.
“We are not satisfied with the results of the initial launch of Heroes of Warland as a whole,” says Nitro Games CEO Jussi Tähtinen. “We failed to reach satisfactory game performance and monetisation.”
Nitro has officially entered “cooperation negotiations” as required by Finnish law when twenty or more jobs are at risk. These “concern possible terminations, layoffs, reduction of contracts of employment to part-time contracts, combinations and restructuring of functions and duties,” according to the developer. Negotiations commence on 25 February and will last approximately six weeks.
About Nitro Games
Finnish Nitro Games is a free-to-play mobile game developer and publisher focusing in making games for the mid-core user segment. The company focuses on producing competitive multiplayer games with high production value and high revenue potential for smartphones and tablets.
Learn more about Nitro Games at www.nitrogames.com