Iron Galaxy has announced that they have eliminated 66 positions in yet another major example of layoffs in the gaming industry. The developers of Killer Instinct stated that they have made the decision to ensure their “long-term survival” in the gaming industry.
It released a statement on LinkedIn announcing the decision. It says the following:
For several years now, we have watched our industry undergo significant change. So many of our friends and colleagues who work in game development have suffered a series of painful adjustments. We’ve seen talented people lose their jobs. Inspiring companies have closed their doors. Our own game, Rumbleverse, was met with a premature sunset.
All the while at Iron Galaxy, we’ve been making sacrifices to keep our teams intact. It has been our hope that we could emerge from this long winter alongside all the teammates who have come to work with us over the years. Today, we’re making the unfortunate announcement that we have run out of room to maneuver amidst this slow recovery.
Today, Iron Galaxy is parting ways with some of our developers and support staff. In total, we have reduced our employee base by 66 people. This was a means of last resort for us. It’s a measure we do not take lightly to enable our long-term survival.
Over the last year, several major companies have laid off hundreds, if not thousands, of workers from across their entire gaming division. Examples include Microsoft, Bungie, Embracer Group, Behaviour Interactive, Riot Games, Sega, Sony, EA, and more. It also includes Take-Two, Square Enix, Ouka Studios, and Rocksteady. Iron Galaxy unfortunately joins the list as more and more companies struggle to stay afloat in this turbulent industry.
