‘Since the end of the quarter, we have initiated a comprehensive restructuring program to address past over-investments.’
Swedish conglomerate Thunderful has released its first financial report since announcing a restructuring program that will result in 20 percent of the company’s employees being laid off. For context, Thunderful had 519 employees at the end of 2023, meaning over 100 people could lose their jobs.
Thunderful, which has published titles like Planet of Lana, Somerville, and Steamworld Build, announced the program in January with a view to driving growth and expanding its “profitability prospects.”