Nitro Games has begun negotiating with staff, as it prepares to lay off around half its employees.
The Finnish mobile developer, as detailed in a statement, is looking to remove up to 30 of its 51 employees from its payroll. In accordance with Finnish law, it has entered negotiations on the subject with its workforce: “The negotiations start on 25 February 2019 and are estimated to last six weeks. The negotiations concern possible terminations, lay-offs, reduction of contracts of employment to part-time contracts, combinations and re-structuring of functions and duties. The results are planned to be accomplished during the first half of 2019.”
In its latest financial report, Nitro Games posted a loss for the 2018 financial year of €5.7 million. CEO Jussi Tähtinen said: “Moving forward to the second half our focus was in finalizing the development and moving forward towards the launch stage with our projects. This concluded with the completion of our development project with Wargaming and in the launch of our own game Heroes of Warland. We are not pleased with our achievements at the end of 2018, since we had challenges during the initial launch stage for Heroes of Warland. We have now taken actions in 2019 to remedy this situation.”
That statement suggests that Heroes of Warland, Nitro’s latest free-to-play mobile game, has failed to meet expectations. Nitro Games is hoping that its restructure will get the company back on track and is adamant that it has fixed issues with Heroes of Warland. For further news, keep an eye on the company’s website.
