Thunderful Initiates Second Round of Layoffs in 2024

The company shifts focus to third-party publishing as it grapples with financial challenges.

Thunderful plans to lay off 80 to 100 employees as part of its second restructuring effort this year.
The company aims to enhance flexibility by concentrating on third-party game publishing and reducing internal development.
Despite previous cost-cutting measures, Thunderful continues to struggle with negative cash flow and unmet revenue targets.
Thunderful anticipates significant one-time costs for layoffs but expects long-term cash flow improvements.
Management and administration roles will also be affected, with negotiations underway with labor unions.