Throughout 2024, gaming companies worldwide actively reduced their workforce. November was no exception. According to estimates by Game Industry Layoffs, last month 838 gaming specialists lost their jobs.

The Swedish holding company Thunderful Group announced its second restructuring of the year. The previous one occurred at the beginning of 2024, leading to the dismissal of 20% of its staff.

The Swedish holding Thunderful Group is withdrawing from the game distribution business. The company announced the sale of AMO Toys, Bergsala Aktiebolag, Thunderful 1, and Thunderful Solutions.

Spanish studio Stage Clear Studios has become another victim of the restructuring of the Thunderful Group. The management of the holding announced the closure of the studio as part of the financial report.

The Swedish holding company Thunderful Group continues to dispose of assets. A month after the sale of the publisher Headup Games, the company agreed to sell Nordic Game Supply.

Thunderful Group has announced that Headup Games is coming under the control of Microcuts Holding, a company headed by Dieter Schoeller, founder and CEO of Headup Games.

The Swedish holding company Thunderful Group, which owns many game studios, is switching to economy mode. The company said it was forced to restructure because it had spent too much on purchases and investments over the past few years.

The Swedish holding company Thunderful Group has become the owner of another game development studio. Through his subsidiary Headup, he acquired the German Studio Fizbin.

The Swedish holding company Thunderful Group has agreed to purchase the Jumpship studio. He publicly announced the deal on the day of the release of Somerville, the company’s debut game.

Another company has changed its CEO. This time in the Thunderful Group. Instead of Brjann Sigurgeirsson, the Swedish holding company will be temporarily managed by Anders Maiqvist, a former CFO.

Another Swedish gaming company has released a financial report. The Thunderful Group said the first quarter of this year was “weak.” Although its revenue increased by 7.3% to $61.4 million, operating profit fell seriously to $524 thousand.

Thunderful Holding continues to expand its portfolio. This time the company bought the Swedish studio Station Interactive together with all its assets and intellectual property.