TinyBuild Accrues Financial Struggles, Leads to Layoffs
Video game publisher and developer TinyBuild recently released a statement that revealed the company had experienced financial struggles, leading to layoffs within the team. TinyBuild has seen success with its games, having published titles such as Hello Neighbor and Party Hard, but the struggle with the current economic climate has caused them to have to make hard decisions.
“The effect of the coronavirus pandemic of 2020 has been devastating to the entire gaming industry, and TinyBuild has not been immune,” reads the statement. TinyBuild laid off 30 people in the U.S. and Europe in order to focus on “core services”, and while further lay-offs were hinted at, the company didn’t specify if they would occur.
The layoffs come at an especially difficult time, given that the current pandemic has resulted in a large number of layoffs within the gaming industry, for many different companies. TinyBuild has stated that they’re working to keep the remaining team members safe, along with providing the necessary support and resources for those impacted by the layoffs.
The statement, signed by TinyBuild’s CEO Alex Nichiporchik, continued.“I’m deeply sorry that this had to happen. We are doing everything in our power to jumpstart our growth and safeguard the future of the amazing community we have built.
Unfortunately, this isn’t the first time that the company has faced trouble. In the past few years, TinyBuild has experienced struggles with their published games, leading to further layoffs. Despite the troubles, it would appear that the company is committed to staying afloat and pushing out further successful games.