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Team17

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business2 years ago

Team17 Faces Staff Reductions Amid CEO Departure

Game development company Team17 has announced a company restructure that is expected to result in multiple job losses, with the QA team likely to be heavily affected. The company has also confirmed the departure of CEO Michael Pattison in an 'amicable' split. The consultation period for the job losses will last until November, with up to 50 roles at risk. This comes after Team17 faced criticism for its NFT project and a damning report on its working environment and business practices.

via Nintendo Life|
#business#ceo-departure#job-losses
business2 years ago

Team17 CEO Fired Amid Layoffs and Restructuring

UK game developer Team17 is set to undergo significant layoffs, with around 50 roles at risk in its quality assurance department. The CEO, Michael Pattison, is also expected to leave the company. Team17 confirmed the layoffs but stated that its Astragon and Storytoys businesses are unaffected. The company has faced concerns about pay, working conditions, and management failures. Team17's shares have fallen steadily throughout 2023, and last month, the company reported "strong" revenue growth for the first half of the year. This news adds to the ongoing challenges faced by the UK video game industry, with other companies like Creative Assembly and Mediatonic also experiencing layoffs.

via IGN|
#business#ceo#layoffs
business2 years ago

Team17 Faces Layoffs and Restructuring, CEO Axed

British game developer and publisher Team 17 is facing a wave of layoffs, including the departure of its CEO, Michael Pattison. The company had previously undergone redundancies earlier this year. The marketing department is reportedly shrinking by 20-30%, and a period of consultation will take place before any jobs are cut. Team 17's development arm may also be affected.

via VG247|
#business#gaming-industry#layoffs