Elite: Dangerous maker Frontier Developments is making layoffs.
In a release to investors, the company said that it was making an organisational review due to a combination of disappointing financial performance and broader economic conditions. Frontier hopes to cut operating costs by 20 per cent. Recruitment at the company has been frozen, spending is being cut and staff could potentially be facing redundancies.
PCGamesInsider.biz reached out to Frontier to see if it can provide some clarity as to how many jobs might be impacted by this move, but we were just referred back to the initial announcement.
"The Organisational Review and resulting actions are expected to conclude by early 2024, placing Frontier in a strong position to deliver efficiently on its strategic plan over the medium term, and capitalise on future opportunities," the company wrote.
At the start of 2023, Frontier reduced its financial forecast owing to weaker than anticipated sales of F1 Manager 2022. It appears that things haven't really improved, though the company is looking to holiday period to bolster its position. This includes the upcoming Warhammer Age of Sigmar: Realms of Ruin.
