Thunderful Group is becoming a member of the rising listing of corporations present process vital layoffs, because it’s introduced it is going to be letting go of about 20% of its employees.

In a press statement, Thunderful Group states that “actions will embody each vital employees reductions and analysis of divestment of non-strategic property.” It then goes into how a lot cash these cuts will make, which is slightly ghoulish. The corporate states that it employs round 500 folks, so a 20% reduce can be round 100 folks dropping their jobs.

“We’ve got discovered no various aside from to cut back prices and focus the enterprise on areas with the most effective future progress and profitability prospects,” mentioned CEO Martin Walfisz in a press release. “It has been troublesome to make these choices, and it saddens me that we must say goodbye to many expert colleagues and companions. Nonetheless, I’m satisfied that it is a essential course for Thunderful and that these modifications will make the corporate a stronger participant available in the market.”

Thunderful Group has its fingers in lots of pies, however notably, they’re the dad or mum firm of Thunderful Publishing, Headup Video games, and Rising Star Video games, targeted on the publishing of indie and various video games. There are lots of builders beneath their umbrellas as properly. They didn’t extrapolate on what these “non-strategic property” are that they’re divesting, so I can solely think about the nervousness at a few of these corporations proper now.

The altering of the yr is a largely arbitrary barrier, however I hoped 2024 can be lots quieter in the case of layoffs. As a substitute, it appears as if it’s persevering with the identical momentum with little indicators of stopping. With reside service video games faltering and corporations starting to experiment with generative AI, issues may nonetheless worsen.