F1 Manager developer Frontier to lay off unknown number of employees
Pit stop
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Frontier Developments, the UK games studio behindF1 Manager 23andPlanet Coaster, is planning to lay off an as-yet-unknown number of employees in order to cut operating costs (via gamesindustry.biz).
A company trading update this morning confirmed that Frontier has been having a tough time, financially speaking. The studio’s most recent financial reports show an 8% drop in revenue for the year ending May 31. To make matters worse, the operating loss incurred over the same financial year came to $32 million / £26.6 million - a stark contrast to the $1.83 million / £1.5 million operating profit recorded the year before.
As a result, those in charge of the company announced their intention to “reshape Frontier”, putting into motion plans to “refocus on [the developer’s] core strengths following a period of disappointing financial performance and more challenging industry conditions.”
This plan comes with the goal of reducing annual operating costs by 20%. Frontier has claimed that it’ll reach this goal through a combination of spending cuts, a recruitment freeze, and an unknown number of redundancies following a period of consultation.
This is, in part, due to the underwhelming performance of last year’sF1 Manager 22, which sold sufficiently poorly that Frontier had to lower its revenue projections back in January (via gamesindustry.biz).
Despite these setbacks, Frontier has reassured investors that the developer’s portfolio of upcoming titles will “[continue] to perform in line with expectations.” With the release ofWarhammer Age of Sigmar: Realms of Ruinon the horizon, we shall soon see if the company’s predictions will prove accurate. The real-time strategy game is set to release on November 17 forPS5,Xbox Series X|S, and PC.
Frontier isn’t the only studio that’s been suffering in recent times. Last monthFortnitedeveloperEpic Gameslaid off over 800 employees- roughly 16% of its workforce. We’ve also seendevelopers at Polish studio CD Projekt Red unionizein response to three waves of layoffs over the last three months which saw over 9% of the studio lose their jobs.
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For more games like F1 Manager and Warhammer Age of Sigmar: Realms of Ruin, check out our list of thebest PC strategy games. Alternatively, our list ofupcoming gameswill keep you appraised of future releases.
An editor and freelance journalist, Cat Bussell has been writing about video games for more than four years and, frankly, she’s developed a taste for it. As seen on TechRadar, Technopedia, The Gamer, Wargamer, and SUPERJUMP, Cat’s reviews, features, and guides are lovingly curated for your reading pleasure.
A Cambridge graduate, recovering bartender, and Cloud Strife enjoyer, Cat’s foremost mission is to bring you the best coverage she can, whether that’s through helpful guides, even-handed reviews, or thought-provoking features. She’s interviewed indie darlings, triple-A greats, and legendary voice actors, all to help you get closer to the action. When she’s not writing, Cat can be found sticking her neck into a fresh RPG or running yet another Dungeons & Dragons game.
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