Digital Bros to Lay Off 30% of Workforce Amid Changing Gaming Market

The company plans to focus on sequels and new versions of successful games, following a trend of consumers favoring established intellectual properties.

Digital Bros, the parent company of 505 Games, is laying off 30% of its workforce, affecting several of its subsidiaries.
The company cites the evolving video game market, with consumers favoring established intellectual properties and playing these games for longer periods, as the reason for the layoffs.
Digital Bros plans to adapt by focusing on the release of sequels and new versions of previously successful games, with a limited number of new larger budget productions.
The layoffs will predominantly affect the studios under Digital Bros' umbrella, but the exact departments or studios impacted have not been specified.
This decision follows a trend of layoffs in the gaming industry, with companies such as Amazon, Unity, Digital Extremes, and Ubisoft also announcing job cuts recently.