Griptonite games, makers of Shinobi on 3DS, Captain America on DS and many other portable games is hitting some tough times. The company, which has recently been aquired by Glu Mobile has had to make some cutbacks in order to maintain revenue. In this report from IGN, Glu Mobile CEO Niccolo de Masi gave the following statement.
We believe concentrating resources on fewer titles, with a greater centralized support infrastructure will accelerate revenue growth in Q4 2013 and beyond. We made over 20 new ‘games-as-a-service’ (GaaS) hires in Q1 and anticipate hiring at a similar rate throughout the year. Our goal is to shift headcount investment out of raw studio team volume and into our centralized GaaS functions. This rebalancing is expected to leave R&D costs approximately flat year over year. A reduction in force was commenced today to promote talent density throughout the studio, as well as fund over 80 new GaaS colleagues. This reduction is equivalent to circa 12% of the year’s starting headcount of 564 employees. Adding back forecast hiring we anticipate finishing 2013 with 582 Gluers worldwide.
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