Thunderful Group to Lay Off 20% of Workforce Amid Restructuring

Over-investments and challenging market conditions cited as reasons for layoffs, with financial effects expected in second half of 2024.

Thunderful Group, the company behind games such as SteamWorld Build, is laying off roughly 20% of its workforce, amounting to about 100 employees.
The layoffs are part of a restructuring effort aimed at reducing costs and focusing on areas with the best future growth and profitability prospects.
CEO Martin Walfisz cited over-investments made in recent years and challenging market conditions as reasons for the layoffs.
The company expects the financial impact of the restructuring to take effect in the second half of 2024.
The layoffs at Thunderful Group follow a trend of significant layoffs in the gaming industry, with thousands of employees laid off in 2023 and the trend continuing into 2024.