Ten Square Games to lay off around a quarter of its staff, book writedown

Ten Square Games

17/04/2023 10:38

GDANSK, April 17 (Reuters) - Polish mobile games
producer Ten Square Games  TENP.WA  said on Monday that
management plans to reduce number of employees by about 120
people, or 25% of its workforce,by the end of April.
    The company blamed a challenging economy and an unstable
mobile games market.
    The company also decided to suspend further development on
its Undead Clash and Fishing Masters projects and to book a
writedown of 14.3 million zlotys ($3.39 million) for the former
and 11.4 mln zlotys for the latter.

($1 = 4.2200 zlotys)

 (Reporting by Maria Gieldon in Gdansk, Editing by Louise
Heavens)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))