According MobileGamesBlog, Glu Mobile's ongoing restructuring has resulted in cuts at its London development studio.
At the moment, it's not clear if the studio, which is said to be over 45 strong, has been completely shuttered or the headcount has just been trimmed.
But in terms of Glu's ongoing losses and its commitment to "closely manage our balance sheet and cost structure", we'd expect the former.
Glu, which develops its game inhouse, also has studios in Moscow, Beijing and San Mateo, California.
The company made a loss of $18.2 million in FY2009, and finished its 2010 Q1 with a cash and cash equivalents balance of $10.5 million, and has $3.1 million outstanding on its line of credit, underlying the tightness of its current financial position.
[source: MobileGamesBlog]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Top Stories
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |
Morocco Gaming Expo | Africa | May 24th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Feature
May 14th, 2024