CD Projekt Red Announces Layoffs of Nearly 300 Employees

CD Projekt Red Announces Layoffs of Nearly 300 Employees

CD Projekt Red, the Polish video game developer behind the popular Witcher series, recently announced that it would be laying off nearly 300 employees. This news has come as a shock to many of the company’s fans and employees alike, as the studio had been growing steadily in recent years.

The layoffs are part of a restructuring effort that CD Projekt Red is undertaking in order to better position itself for the future. The company stated that the layoffs were necessary in order to “ensure the long-term success of the company” and that they would be focusing on “streamlining and improving efficiency”.

The layoffs come at a difficult time for the gaming industry, as many developers have been struggling due to the global pandemic. CD Projekt Red is no exception, as the company has seen its share price drop significantly since the start of 2020. The layoffs are likely an effort to cut costs and help the company weather the storm.

The news of the layoffs has been met with a mixed reaction from fans and employees alike. Many have expressed sympathy for those affected by the layoffs, while others have criticized CD Projekt Red for not doing enough to protect its employees.

Regardless of how one feels about the situation, it is clear that this is a difficult time for CD Projekt Red and its employees. The company has stated that it will be providing severance packages and other forms of support to those affected by the layoffs. It remains to be seen how this restructuring effort will affect the company’s future, but it is clear that CD Projekt Red is taking steps to ensure its long-term success.