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Nicholas Lovell
Home   >   Game Over Zone   >   Krome Studios on the brink?

Krome Studios on the brink?

By on August 20, 2010

GameSpot reports that the largest Australian developer, Krome Studios, is likely to shut down its Adelade studio and put staff at its Brisbourne and Adelaide offices on notice.

The company has made a series of redundancies recently (which you can see on the Job Loss Tracker),  including between 30 and 50 layoffs in April and an unspecified number of staff cuts in November 2009.

The company employed 400 staff a year ago, and the company stated “These times are challenging and as a result, we have put some of our staff on notice pending the outcome of a number of upcoming projects".”

As yet, the Adelaide office is still open, and staff are on a four-week notice period. Given recent trends in the games industry, the outlook does not look good.

Added to the Job Loss Tracker.

About Nicholas Lovell

As well as founding Gamesbrief, Nicholas is a consultant to the games industry on online and corporate strategy and financial matters. He can be contacted at nicholas@gamesbrief.com Following a decade long financial career in the City of London, Nicholas founded Lodestar Partners, a corporate finance boutique that focused exclusively on the games industry. From 2006 to 2008, Nicholas was CEO of GameShadow, a games website and patching engine. He is a non-executive director of developer nDreams and provides consultancy services to a number of companies including Firefly and Huddle.