The developer of Guild Wars 2, ArenaNet, is reportedly facing layoffs according to Kotaku. The site reported on an e-mail from Songyee Yoon, CEO of publisher NCSoft West, the owners of AreaNet, telling the employees that the studio would soon come to reorganise, resulting in layoffs, due to declining profits.
As part of the reported email, Yoon wrote "Our live game business revenue is declining as our franchises age, delays in development on PC and mobile have created further drains against our revenue projects, while our operating costs in the west have increased. Where we are is not sustainable, and is not going to set us up for future success".
One of the reasons for the potential layoffs could be the slow development on the studio's unannounced projects along with the lack of titles released.
As with any other situation such as this, we're sorry to hear about the layoffs and hope those affected bounces back quickly.
Loading next content