GW2 Arenanet Faces Mass Layoffs
Arenanet will be doing some layoffs of its employees as part of new merger between Arenanet and NcSoft’s publishing division.
According to Kotaku, NCSoft CEO sent this to Arenanet employees this afternoon.
“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”
NCSoft plans to cut costs across the organization and restructure across the board, merging ArenaNet and NCSoft’s publishing divisions in the process. “The restructuring, cost-cutting, and strategic realignments are all being done to secure our tomorrow and to provide the foundation that will allow us to grow and acquire”.
Here is the official statement from Arnenaet.
We know you have a lot of questions about the future of Guild Wars 2. We want to share with you what to expect moving forward for the game. First and foremost, we are still fully committed to all of our players and ongoing support of the game. We will be moving directly from Living World Season 4 into Season 5 as promised, and we plan to continue a regular cadence of updates and releases.
We know Guild Wars 2 is important to you, and as our players, you are important to us. Rest assured that we are still working to add great new content to the game. We are deeply grateful to all of you for your support during this difficult time.