I don’t even study Border does not do well in difficult times. F1 manager it failed a second time and the company was forced to cut costs and cut costs. He wants to focus on himself strengths. This could be a return to construction management strategies. Planet Zoo, Jurassic World Evolution 2 And Planet Coasterwhich are successful compared to F1 Manager.
Frontier is committed to returning to profitability and securing the future by reducing annual operating costs. up to 20%. This is planned to be achieved by cutting costs, freezing hiring and layoffs. Unfortunately, it is not specified how many people will lose their jobs.
The company’s situation began to deteriorate last year when the share price fell 40% following the release of F1 Manager 2022. In January this year, they fell more than 54%. F1 Manager 2023 didn’t do well either, and as expected, older games didn’t sell well at Christmas either.
Frontier’s revenue fell 8% to £104.6m in the last financial year, according to GamesIndustry.biz. But the operating loss was £26.6 million.. A year earlier, profits were £1.5 million.
Other layoffs this year:
- The creators of The Last of Us are being fired. Multiplayer should essentially be on ice
- Fortnite doesn’t make enough money. Epic lays off hundreds of employees
- Crystal Dynamics stops developing Tomb Raider and helps with Perfect Dark
- BioWare Is Making Big Layoffs, But Dragon Age Shouldn’t Be Affected
- There were layoffs from the creators of the failed “Callisto Protocol”
- Firaxis Games is paying for the failure of Marvel’s Midnight Suns with layoffs
Source :Indian TV
