Enad Global 7 Restructures: Toadman Interactive Shuttered, Layoffs at Piranha Games
The Swedish holding company cites poor sales and industry challenges as it cuts costs through closures and job reductions.
- Enad Global 7 (EG7) has announced the closure of Toadman Interactive, resulting in 69 job losses, with 42 employees staying temporarily to complete ongoing projects.
- Piranha Games, the developer of MechWarrior 5: Clans, is laying off 38 employees after the game failed to meet sales expectations despite positive critical reception.
- MechWarrior 5: Clans struggled to attract new players, with peak concurrent Steam users reaching only 5,600, similar to the decade-old MechWarrior Online.
- EG7 expects to save $4.17 million annually from Toadman’s closure and $2.3 million annually from Piranha’s restructuring, aiming to ensure long-term profitability.
- The layoffs and closures reflect broader challenges in the gaming industry, which has seen significant job losses in recent years.