Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 17, 2017
arrowPress Releases






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Gameloft profits up after 'strategic' cost cutting and layoffs

Gameloft profits up after 'strategic' cost cutting and layoffs

March 22, 2016 | By Chris Kerr




2015 was a difficult time for Gameloft, with the French mobile outfit confirming an alarming amount of layoffs and studio closures towards the end of last year. 

The company's shuttering spree was the result of an "ambitious cost reduction program", which, according to CEO Michel Guillemot, "affected almost 20 percent of the company's staff, including 850 positions closed."

Writing in Gameloft's 2015 annual report, however, Guillemot says the firm's strategic cost cutting has paid off. 

By the end of the last fiscal year ended December 31, Gameloft's sales were up to €256.2 million ($287.5 million); a year-over-year increase of 13 percent. 

Gross profit also received a welcome boost, rising to €217.5 million ($244.1 million) from €187.2 million ($210.1 million).

Notably, Gameloft's own franchises accounted for nearly two thirds of sales in 2015, while the company also showed its strength on the global market, with Europe, the Middle East, and Africa (EMEA) accounting for 30 percent of annual sales.

"Our 2015 strategic plan, which translated to a global reorganization of teams and significant cost cutting measures, has started to bear fruit," wrote Guillemot. 

"The cost of this transformation, which affected almost 20 per cent of the company's staff, including 850 positions closed, has weighed on the net income of the fiscal year but has allowed us to restore Gameloft's current operating profitability as early as the second half of 2015."



Related Jobs

Bartlet Jones Supernatural Detective Agency Inc.
Bartlet Jones Supernatural Detective Agency Inc. — San Diego, California, United States
[10.17.17]

Senior Environment Artist
Cryptic Studios
Cryptic Studios — Los Gatos, California, United States
[10.17.17]

VFX Artist
Giant Enemy Crab
Giant Enemy Crab — Seattle, Washington, United States
[10.17.17]

Multiplayer Cloud Services Administrator / Engineer
Giant Enemy Crab
Giant Enemy Crab — Seattle, Washington, United States
[10.17.17]

Technical Producer









Loading Comments

loader image