We are concerned when we read this story. We want to share it with you …
We bring you just part of the article:
“Strange news today coming from the folks over at Gameloft. While the company just announced their Q4 2012 earning which shows the company making quite the improvement when it comes to profit, showing a 27% increase in revenue over Q4 2011 profits. For Q4 2012 Gameloft pulled in a consolidated sales total of €57.7 million which also marks the company’s bigest quarter last year. So with such an increase in profit, news of Gameloft shutting down their India studio seems a bit strange.
With 250 people now out of work, the entire Gameloft Hyderabad studio has been shut down on the same day the company posts some impressive growth in terms of revenue. It, however, gets a little be stranger than that.
According to sources affected by this closure, everything was business as usual for Gameloft’s Hyderabad studio this morning. Eventually rumors started floating around that by noon the studio would be closed, giving almost no one except for probably the higher up executive team any notice that this was going to happen, or even the possibility of it happening. At 2:45pm a company-wide meeting was held where the bad news was explained to everyone.”
You can read this article here
According to this article, the place that was shut down was responsible for porting iOS games to Android. Dark days ahead for Android players or is it just the company’s financial maneuver?
As always, our dear Sara was rushed to respond to us. Here’s what she said…
What do you think about this?