from The Seattle Times, August 21, 2013
Big Fish Games cutting jobs, closing offices
Big Fish Games – one of Seattle’s leading game companies and larger tech employers – is undergoing a major restructuring, laying off 49 people at its headquarters and closing its European headquarters in Ireland that employs 89.
The company’s also replacing its president and closing a studio in Vancouver, B.C., according to a letter that founder Paul Thelen (pictured) sent to employees this morning.
Big Fish is one of the largest casual game companies in the world, employing 524 people in Seattle and 670 globally and generating annual sales of around $200 million. But facing intense competition from mobile and social games it’s had to evolve far beyond the packaged and downloadable games that it began publishing in 2002. Over the last two years it has shuffled its leadership, restoring Thelen as chief executive, and invested heavily in online services, mobile titles and casino games.
Thelen said the company is restructuring to sharpen its focus on the most promising opportunities and dropping efforts that haven’t panned out. Notably the company is ending a cloud subscription gaming business that launched last year with high expectations.
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This is a very long article. To see the rest, go here:
http://blogs.seattletimes.com/brierdudley/2013/08/21/big-fish-games-cutting-jobs-closing-offices/
Big Fish Games cutting jobs, closing offices
Big Fish Games – one of Seattle’s leading game companies and larger tech employers – is undergoing a major restructuring, laying off 49 people at its headquarters and closing its European headquarters in Ireland that employs 89.
The company’s also replacing its president and closing a studio in Vancouver, B.C., according to a letter that founder Paul Thelen (pictured) sent to employees this morning.
Big Fish is one of the largest casual game companies in the world, employing 524 people in Seattle and 670 globally and generating annual sales of around $200 million. But facing intense competition from mobile and social games it’s had to evolve far beyond the packaged and downloadable games that it began publishing in 2002. Over the last two years it has shuffled its leadership, restoring Thelen as chief executive, and invested heavily in online services, mobile titles and casino games.
Thelen said the company is restructuring to sharpen its focus on the most promising opportunities and dropping efforts that haven’t panned out. Notably the company is ending a cloud subscription gaming business that launched last year with high expectations.
Despite the adjustments, Thelen still expects the company will have its 11th year of record sales with double-digit sales growth. Especially strong now are its “free to play” games, which are initially free but encourage players to pay for upgrades. Thelen said that business “is in hypergrowth right now.”“We had to make some very hard choices about these business areas that are not growing or profitable,” Thelen wrote. “I want to stress that our decisions are not based on our company-wide performance or that of the people working on those initiatives – both of which are strong – but because of where the market is growing, and quite frankly, where it is not.”
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This is a very long article. To see the rest, go here:
http://blogs.seattletimes.com/brierdudley/2013/08/21/big-fish-games-cutting-jobs-closing-offices/
Last edited by genkicoll on Thu Aug 22, 2013 6:00 pm; edited 1 time in total