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SteamWorld creator Thunderful announces 80-100 more layoffs as part of second round of "restructuring"

Thunderful Group, which develops and publishes the acclaimed SteamWorld series alongside several other titles, has anno…

In January, the company announced it was laying off around 20 percent of its staff as part of a "restructuring programme" management believed would "strengthen the Group's long-term competitive position", but it now seems Thunderful failed to achieve its initial goal. In an statement shared on its website, Thunderful - which also divested its distribution business earlier this year - confirmed it was undertaking a further round of restructuring as it looks to scale back internal development and 'double down' on third-party game publishing. Watch on YouTube"Whilst significant reductions in cost levels were achieved this year," it explained, "revenue targets have not been met and the Group is still struggling with negative cash flow."

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