Game streaming platform Antstream Arcade has announced a round of layoffs, citing a “very challenging period” in the gaming industry and a strategic shift within the company.
Reasons Behind Layoffs
In a statement to GamesIndustry.biz, Antstream Arcade attributed the layoffs to:
– Industry-wide challenges
– Internal strategic shift
Support for Affected Employees
The company assured that it will provide support to those affected, stating, “This decision was not made lightly… We will be working to support those affected throughout the process.”
Employee Response
PR and Communications Manager Diane Hutchinson confirmed her redundancy on LinkedIn, expressing gratitude for her time at Antstream.
Recent Milestones
Despite the layoffs, Antstream Arcade recently launched on PlayStation 5 and PlayStation 4 in September, offering over 1,300 classic games via subscription.
Industry-Wide Impact
The layoffs contribute to the growing number of job losses in the gaming industry, with:
– Over 13,000 jobs lost
– Nearly 150 companies affected
– Ongoing industry challenges