With Layoffs At Japanese Gaming Giant GREE?s SF Offices, Internal Memo Reveals Plans For Scaling Back To Tokyo

Here's some more background on the GREE layoffs that happened yesterday. The $3.9 billion Japanese mobile gaming company announced some restructuring yesterday that will move much of the platform team back to its headquarters in Tokyo. The company's consolidating a couple of teams in the U.S. to focus on publishing and partnerships for third-party developers and growth and revenue for first-party games. GREE didn't provide much more than a brief statement yesterday acknowledging the redundancies and we had been hearing from sources that there were more than 30 layoffs. GREE just came off a poor quarter in which profit actually declined by more than 25 percent quarter-over-quarter.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/0azIaeqYjGY/

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