Approximately 100 employees from Playtika's Ukrainian offices reportedly face termination, according to the media.
Hey there! Let's chat about the recent buzz in the gaming industry, specifically surrounding Playtika.
It's no secret that some changes are happening at Playtika, a popular gaming company known for whipping up free social games. According to gamedev.dou.ua, there have been staff layoffs at the company, with sources within Playtika confirming this.
The layoffs aren't limited to just one location—they've taken place not only in Ukraine but also in Playtika's Bucharest office. In Ukraine, the layoffs happened mainly in the first half of January, though some employees were let go earlier. Approximately 100 specialists bid farewell to Playtika, leaving about 700 employees in Playtika's Ukrainian offices as of January.
Some sources highlighted that there were around 72 people fired by January 9th, but the total number of layoffs in Ukraine remains blurry. The layoffs affected both developers and management, with workers receiving adequate compensation.
Fun fact! The company released its Q4 2023 report just yesterday. Compared to Q3, its revenue finally managed to tick up by 1.2%. When compared to 2022, the increase was a bit more substantial, at 1.1%. However, the report stated that the ongoing uncertainty in Israel and Ukraine had led the Board of Directors to suspend the evaluation of strategic alternatives.
In its last quarterly report of 2022, Playtika had decided to halt the development of new games, focusing instead on existing ones. The gaming industry has been facing layoffs due to various factors like financial constraints, market shifts, and strategic restructuring. These layoffs generally aim to reduce costs and improve operational efficiency, which can impact project development and overall company performance.
Playtika hails from Herzliya, Israel, but it's got more than one trick up its sleeve. In addition to its headquarters in Israel, it also boasts offices in Bucharest and Warsaw. In Ukraine, Playtika has offices in Kyiv, Dnipro, and Vinnytsia.
Stay tuned for more updates on Playtika! Let's hope we see them bouncing back sooner rather than later! 🕹️🎮💻
The layoffs at Playtika, a gaming company, affected employees in both Ukraine and Bucharest, as confirmed by sources within the company. Over 100 specialists left Playtika during the first half of January, with some being let go earlier. Yesterday, Playtika reported its Q4 2023 earnings, showing a modest increase of 1.2% compared to Q3, and 1.1% compared to 2022. However, the ongoing uncertainty in Israel and Ukraine has led the Board of Directors to suspend the evaluation of strategic alternatives, adding to the uncertainty within the gaming industry that has been experiencing layoffs and restructuring.
