Layoffs at GameFly

By-mail and PC on-demand game service hit with layoffs as part of a restructuring effort; 15 percent of staff have been cut.

Restructuring at GameFly has led to a round of layoffs affecting 15 percent of the company, Joystiq reports. GameFly CEO Dave Hodess released a statement on the matter to the site, saying no significant changes will come to pass as a result of the cuts.

"We studied our business and determined that we could operate with a smaller team while continuing to provide the same high level of service to our customers," Hodess said.

"Aside from a greater focus in our software development efforts, we're not making any significant changes in our console subscription or digital download businesses. GameFly remains profitable with a strong balance sheet."

Future generation consoles from Microsoft and Sony are believed to emphasize digital distribution, which could spell trouble for a company like GameFly. However, in addition to the company's by-mail service, the firm owns the Direct2Drive platform, allowing gamers to purchase and play PC titles.

Read and Post Comments | Get the full article at GameSpot

"Layoffs at GameFly" was posted by Eddie Makuch on Fri, 01 Mar 2013 04:39:49 -0800
Filed under: Video Games


No Comments »

Leave a Reply

Back to Top