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Huuuge Games is laying off nearly a third of its global workforce as it refocuses its portfolio on social casino titles.
The publisher is making 122 staff redundant, which accounts for 29% of employees. The Poland office will see 89 job losses, accounting for 21% of the branch’s headcount.
Huuuge will also shut down its studios in the Netherlands and Finland, called ‘Huuuge Pods’, and discontinue new game development.
The company said it expected its workforce reduction to be completed by the end of February 2025. It claimed this will not negatively impact its revenue.
Job losses
Cost-cutting measures will also see the publisher cease further financing for Bananaz Studios, which will see a $3.5 million write-down.
Despite the layoffs and closures, Huuuge said it remains profitable and has $125m in cash reserves as of Q3 2024. It also plans to explore potential M&A investments in future. In Q3 2024, net income fell by 18.2% year-over-year to $15.3m.
“We deeply value the contributions of all our team members and are taking steps to support those affected through this transition,” said Huuuge CEO Wojciech Wronowski.
“While these decisions are never easy, they reflect commitment to streamlining operations and accelerating our ability to innovate.
“Huuuge remains a profitable company, and this marks a pivotal moment as we chart a path forward to deliver even greater value to our players, partners, and shareholders.”
Huuuge also announced the appointment of Maciej Hebda as its new treasurer and EVP of finance, following the resignation of Marek Chwałek.
