"It is regrettable to announce a second restructuring of Thunderful in less than a year, but we unfortunately see no other alternatives to ensure the Group's long-term sustainability and resilience," Walfisz said. This reflects a difficult decision aimed at future viability after the earlier layoffs.
Walfisz elaborated on the strategic decision stating, "The move towards publishing games from external partners allows us to reduce fixed costs, increase flexibility, and better control our cash flow." This indicates a significant shift in company strategy to adjust to market changes.
The company projected to save 80-90 MSEK (approximately $7.3-8.2 million) through this restructuring, highlighting the financial necessity behind the layoffs and the expected timeline for savings is a crucial factor in their planning.
While emphasizing the importance of their internal development, including titles like the SteamWorld series, Thunderful is committed to retaining some capacity for internal projects while shifting focus towards published games from external developers.
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