Tencent confirms layoffs at Sharkmob London

Tencent has confirmed that Sharkmob London has suffered layoffs.

As reported by PocketGamer, the studio has undergone a “reduction in headcount”.

“In line with many studios, Sharkmob has been impacted by the difficult conditions across the video gaming market,” Tencent said in a statement.

“As a result, regrettably, Sharkmob has had to make a reduction in headcount in its London office. Tencent remains committed to Sharkmob and the launch of its upcoming game, Exoborne.”

Last month, GamesIndustry.biz reported that the studio was facing difficulties after canceling one of its in-development projects.

The studio informed the publication of the news via a statement, with the London team now entering a consultation period to assess how much of a reduction in headcount is needed.

Sharkmob said at the time that it aimed to “try and minimise this impact.”

“As you know, our industry is facing challenges, meaning we must adapt to focus on the right opportunities as a business,” it said following the initial news that layoffs were planned.

“Our team in London has been working on an unannounced game for some time and it is with regret that we now have to announce that this project has been cancelled.

“The decision to cancel the game, unfortunately, means there will be a reduction in the number of people we can support in the London studio. This is an incredibly difficult time, and our focus is to provide the support and guidance to those potentially impacted.”