Studio Closure

Gameloft shutters Budapest Studio amid shift away from mobile
The company is aiming for success in the console and PC markets

Hot Five: layoffs at Unity, Niantic, and Adjust and AppLovin, 505 acquires D3, and Google's $90mil developer fund

101 Studio becomes ByteDance’s first games unit closure
Some staff will reportedly transfer to Bytedance's games division, Nuverse

Hot Five: Diablo Immortal makes over $24 million in first two weeks, a third of gaming app businesses expect to close, and Beatstar's exclusive over Spotify

Hot Five: Playtika layoffs could reach 250, Supercell invests $60mil into Love & Pies, and Square Enix commits to NFTs

Playtika to lay off 250 employees as it closes three development studios
London, Los Angeles, and Montreal studios are closing, Helsinki studio considered
