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Thunderful Group to implement "restructuring programme" affecting around 20 percent of staff
Swedish video game holding company Thunderful Group has announced its plans to implement a "restructuring program", whi…
"These investments have proven unsustainable given the current industry climate, which has resulted in the Group being particularly affected by challenging market conditions," it wrote earlier today. "The new management team and the board of directors have identified the need to restructure the Group and focus its efforts on the strategic assets with the best long-term prospects." In a statement, the company's CEO Martin Walfisz said there was "no alternative other than to reduce costs and focus the business on areas with the best future growth and profitability prospects".
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