Poland's CI Games to lay off about 10% of personnel (updated)

CI Games SE

18/01/2024 12:45

(Adds background, shares move)
    By Marta Maciag
       GDANSK, Jan 18 (Reuters) - Video game producer CI Games
 CIG.WA  said on Thursday it plans to lay off about 10% of its
personnel. 
    "To preserve business strength and stability, CI Games has
made the tough but necessary decision to implement a targeted
round of redundancies, affecting approximately 10% of employees
across the company," CEO Marek Tyminski announced on social
media platform X. 
    CI Games shares fell as much as 18% in October, following
certain critical reviews of its newest game "Lords of the
Fallen".
      Within 10 days of its launch, the company surpassed one
million copies sold.
    CI Games could not be reached for immediate comment. Its
shares were up 0.7% at 1.82 zlotys at 1225 GMT. 

 (Reporting by Marta Maciag; editing by Jason Neely)
 ((Marta.Maciag@thomsonreuters.com;))