Don't Nod Restructures Following Underperformance of Recent Games
Don't Nod's revenues have been hit by the commercial underperformance of recent launches in an "extremely competitive and concentrated market". As a result, the French company has announced a reorganisation initiative to get the business back on track. This could affect up to 69 employees.
Independent games publisher and development studio Don't Nod has released its half-year results for 2024 and announced a reorganisation. Oskar Guilbert, Chairman & CEO of Don't Nod, stated: "Our half-year results for 2024 reflect the economic underperformance of our latest release, despite solid ratings on Metacritic, as well as the accounting impact of the decisions we had to take. The initial performance support measures announced last spring no longer seem sufficient to maintain the company's competitiveness. As a result, today we presented a reorganisation project to the employee representative bodies, which could set Don't Nod on a new development trajectory. I am fully conscious of the impact this project may have on all our employees. Securing our company's resources and restoring its ability to perform more in an increasingly competitive and selective industry is extremely necessary."