Gameloft sacks all 250 employees, shuts Hyderabad office
Company sources said that the decision was taken by “high-level management” though the exact reason was not known.
“Our managers broke the news to us during lunch. Initially, we thought that they were kidding. Eventually, it wasn’t a joke anymore and it came as a shock to all of us,” said one of the sacked employees.
Another employee who was “devastated and shocked” said that Gameloft was doing extremely well in the mobile-gaming arena in India.
“The company was doing good business in India. There was no reason to shut it down. I have been with the company for three years,” he said.
The company gave no prior notification or intimation over shutting down the branch, sources said, adding that they had been told that they would be paid two months’ salary apart from January’s.
“Unlike EA games and ot-hers, Gameloft never really took off in the mobile space. They were still stuck with Java. The employees were called to a meeting in the morning, briefed and then fired. Apparently, their PCs were turned off instantly after the announcement,” said an industry source.
The Hyderabad branch of Gameloft, located in Kotha-guda, was into development and production in the mobile app-building space.
Gameloft, which is listed on the Paris Stock Exchange, creates games for all digital platforms, including mobile phones, smartphones and tablets, set-top boxes and connected TVs.
The success enjoyed by recent releases such as Modern Combat 4: Zero Hour and World at Arms among others have contributed to the solid performance of the company.
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