The Thunderful Group restructuring marks a significant shift in the company’s trajectory. In an effort to lower expenses and concentrate on the areas of growth Thunderful is taking a strategic action that will impact around 20% of its employees. According to GamesIndustry this decision demonstrates the companys determination to streamline its operations and adapt to the dynamics of the industry.
The need for the Thunderful Group restructuring arises from previous over-investments that have become unsustainable in the current market. The company has set a goal to substantially decrease expenses with the expectation of experiencing the benefits of this reorganization in the part of 2024.
A New Direction for Thunderful Group
Amidst the Thunderful Group restructuring, CEO Martin Walfisz expressed that the decision, though difficult, was necessary to ensure the company’s viability. The companys restructuring necessitates bidding farewell, to colleagues and partners a decision that is not made lightly but is considered vital for the companys future competitiveness, in the market.
The Thunderful Group, renowned for its ownership of studios such, as Coatsink and Image & Form is currently adapting to these transformations with an emphasis on future expansion and financial success. This reorganization is not solely centered around reducing expenses. Aims to establish a viable trajectory, for the company and its remaining employees. As the Thunderful Group restructuring unfolds, it will be interesting to see how the company evolves and adapts to the changing landscape of the industry.
