15 percent of headcount at risk as management focuses on developing social casino and casual games
110 employees, including some members of management are to be let go from the Seattle headquarters of social gaming giant Big Fish Gaming as a result of a 15 percent cut to headcount ordered by new managing director Jeff Karp.
Industry media reports Tuesday claimed to have seen the retrenchment notice, in which Karp explained that the company would be focusing solely on social casino and casual games, and needed to do “fewer things better, to be bigger”.
Those on the let go list are understood to be mainly involved in “the premium business, SkyRocket studio and centralized teams”.
Media reports named some of the more senior employees who will be leaving, citing several VPs involved with operations, advertising, engineering, licensing, creative and finance.
The Karp plan calls for the operation of four studios boosted by a new publishing vertical which will be charged with marketing, product and operational data management and brand building.
InfoPowa readers will recall that late last year Big Fish was sold by Churchill Downs Incorporated to Australian gaming technology giant Aristocrat for just short of a billion US dollars.