Sport streaming platform Antstream Arcade is the subsequent firm within the business to endure a spherical of layoffs.
In a press release despatched to GamesIndustry.biz, the corporate factors to the “very difficult interval” within the video games business in addition to a “strategic shift” throughout the firm as causes for the layoffs.
“The video games business is at the moment going through a really difficult interval,” the assertion reads. “On account of a strategic shift in focus internally, now we have made the tough determination to make a small variety of redundancies throughout the Antstream Arcade staff.
“This determination was not made flippantly, and we might be working to assist these affected all through the method. Antstream Arcade stays devoted to delivering the absolute best expertise to our gamers.”
“I’ve the unhappy information that I’ve been made redundant,” PR and communications supervisor Diane Hutchinson wrote on LinkedIn. “I’ve loved the time I’ve been with Antstream and admire everybody that welcomed me to the corporate.
Antstream Arcade not too long ago launched on PlayStation 5 and PlayStation 4 in September. The platform brings over 1,300 basic video games to gamers by way of a subscription service.
The variety of workers affected by the layoffs shouldn’t be but identified. As of writing, roughly 13,000 jobs have been misplaced throughout practically 150 firms within the video games business in 2024.
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