505 Games Parent Company Digital Bros Laying Off 30 Percent Of Staff

gameinformer.com:

Digital Bros Group, the parent company to publisher 505 Games, has announced plans to lay off 30 percent of its staff. It says it is doing so to align with «the new competitive market.» 505 Games is the publisher behind games like Ghostrunner 2, Control, Payday 2, the PC version of Death Stranding, and more; it's unclear how much of that team will be affected by Digital Bros' overall plan. 

«Digital Bros has reviewed its projects to align with the new competitive environment,» it writes in a press release. «This is expected to represent a reduction of approximately 30 percent of the global workforce, but no significant effect of restructuring costs is expected on the annual project results for [Fiscal Year 2024].»

The company goes on to say that the video game market has evolved since the pandemic to be more selective with new games, noting that consumers are increasingly reverting to established IP and playing individual games for longer periods. «Digital Bros strategy has had to adapt to this new and evolving competitive scenario and will focus its efforts moving forward on the release of sequels and new versions of previously successful and established games, with a limited number of new larger budgets productions,» a press release reads.

While it's unclear how many people at Digital Bros' various arms will be affected, the company does note that the majority of the 30 percent laid off will be «concentrated within the studios.» It sounds like Digital Bros is making the decision to lay off employees – right as the holiday season begins, mind you – but keeping itself safe from the job terminations, instead reducing the workforce of the studios under its umbrella. 

These Digital Bros layoffs join an unfortunately