Report: Gameloft shuts down India studio despite Q4 mobile sales surge
Gameloft shut down its Hyderabad, India development studio the same day it reported fourth-quarter sales growth of 23 percent and full-year 2012 sales increases of 27 percent.
Gamasutra reports that Gameloft laid off all 250 developers in the Hyderabad office, which primarily focused on porting titles originally built for Apple's (NASDAQ:AAPL) iOS to Google's (NASDAQ:GOOG) Android. Sources said employees were informed of the decision Tuesday afternoon and asked to immediately pack up their belongings and leave. One source said that on their way out, staffers were asked to sign two letters: A form stating they were leaving for personal reasons rather than being laid off (pre-dated to Jan. 28) and an acceptance of resignation from Gameloft dated Jan. 29.
Gameloft has not responded to requests for confirmation.
On Tuesday, Gameloft reported fourth-quarter sales of $78.2 million, up 23 percent year-over-year; full-year 2012 sales reached $282.3 million, up 27 percent over 2011. Gameloft credited to the increase to demand for its smartphone and tablet titles: Mobile game sales increased 66 percent year-over-year during the fourth quarter and represented 56 percent of the firm's total group sales, up from 41 percent in the fourth quarter of 2011.
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