Mobile game publisher Tilting Point has announced plans to lay off 20% of its global workforce in response to challenging market conditions. The decision is part of a broader effort to maintain the company’s financial health, according to a statement from Tilting Point founder and CEO, Kevin Segalla.
In a statement provided to MobileGamer.biz, Segalla acknowledged the difficulties the company is facing in the current market. “As anyone watching the games industry is acutely aware, the current market is tough and it has impacted us as well. We have done everything we can to maintain the shape of the business as long as possible, however, we have come to a point where we have had to make some difficult decisions in order to continue operating a healthy ongoing company.”
The layoffs will affect various parts of the organization and could impact up to 20% of the company’s global team. Segalla expressed regret over the decision, highlighting the efforts being made to support those who are leaving, including assisting outgoing employees in finding new positions and creating a Tilting Point Alumni network to help them connect with new opportunities.
Tilting Point, founded in 2012, has built a wide portfolio of mobile games, publishing over 150 titles. Some of its most notable games include Star Trek: Legends, Star Trek: Timelines, Leo’s Fortune, and SpongeBob Adventures: In A Jam.
This isn’t the first time the company has had to downsize. In January 2023, Tilting Point cut around 14% of its workforce, also citing the need to adapt to changing market conditions. These earlier layoffs followed a period of significant acquisitions and investments, including the purchase of studios like Disruptor Beam, Loop Games, and AN Games. In 2021, the company raised $235 million to pursue larger mergers and acquisitions and to expand its operations. However, the company is now taking steps to scale back amidst the challenging economic landscape.
