Virtuos confirms 270 layoffs worldwide

The gaming company is downsizing its workforce after structural shifts in the industry.

Virtuos announces 270 layoffs as part of company restructuring

Virtuos, a company known for creating Switch ports, has confirmed the layoff of 270 employees worldwide, which accounts for about 7% of its total workforce. This includes 200 jobs in Asia and 70 in Europe, due to lower demand and shifts in the gaming industry. The layoffs follow the release of Oblivion Remastered and reflect the company’s need to adapt to changing market conditions. In a blog post, Virtuos explained it is realigning to focus on high-value co-development and will offer separation packages and career assistance to affected employees. The decision comes in the wake of similar layoffs across the tech industry, including Microsoft.

The layoffs at Virtuos underscore a significant trend in the gaming industry, where companies are adjusting to a rapidly evolving market. As game development becomes more complex, firms like Virtuos are realigning their strategies to concentrate on premium co-development. This shift suggests that while some roles are being cut, the focus is now on enhancing collaboration and capabilities in high-demand areas. Such structural changes could ultimately benefit those who remain, as companies prioritize skills that meet the new demands of the industry.

Highlights

The realignment highlights the precarious nature of roles within evolving industries like gaming.