Thunderful Group to implement “restructuring programme” affecting around 20 percent of staff

January 17, 2024
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Swedish video game holding company Thunderful Group is to implement a “restructuring programme”, which will see around a fifth of its workforce laid off.

Thunderful, which owns multiple development studios and publishers including Coatsink and Somerville developer Jumpship, said this programme aims to “strengthen the Group’s long-term competitive position” by lowering costs and “increasing focus on areas with the best future growth and profitability prospects”.

This will include staff reductions of approximately 20 percent, as well as the “divestment of non-strategic assets”.

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