Hands-On Mobile reveals layoffs
But doesn't say how many
CEO David White insists that the layoffs aren't a sign that the company is in trouble, but more a case of cutting jobs no longer needed since the company sold off its non-US divisions.
"It takes awhile to unwind some of the support functions to run international operations," he tells the site. "We've been running heavy for awhile."
Hands-On's European arm span off as a separate company, Connect2Media, while its Korean studio was sold to EA Mobile both earlier this year.
However, White says the publisher has grown its market share and revenues in the US thanks presumably to the barnstorming success of its Guitar Hero mobile games.
He also says the sales have provided Hands-On with "a load of cash" to ride out the current economic slump, and even potentially to buy other mobile games companies.
"There's a lot of distressed assets right now, and a lot of folks who are short on cash," he says. "We are buyers under the right set of facts and circumstances, keeping an ear to the ground."