EMCC European Monitoring Centre on Change

Wooga

Company/Organisation:
Wooga

Geographic Location

Country: Germany
Region: Berlin-Ost, Stadt; Berlin
Location of affected unit(s): Berlin

Company

Sector: Information / communication
Publishing, audiovisual and broadcasting activities
58.21 - Publishing of computer games
Number Employed: 300
Group: Wooga

Employment Effects

Announcement Date: 30-08-2016
Planned Job Reductions min: 40
Planned Job Reductions max: 40
Type of Restructuring: Internal restructuring
Employment Effect Start: 30-08-2016
Direct Dismissals: 40

Additional Information

On 30 August 2016, German social games developer Wooga confirmed to cut 40 out of 300 jobs at its site in Berlin. The company announced an internal restructuring process due to the difficult economic situation in the games scene. Moreover the management named projects which were falling short of expectations like the cooperation with Apple Watch.

The start-up company was founded in 2009 and the latest available business figures from 2014 showed an annual profit of €9.4 million after tax. During the past weeks several game developers announced to reduce their workforce due to a difficult business situation including Goodgame Studio (Goodgame Studio, 2016) .