Jam City lays off hundreds of staff as part of restructuring

Jam City has laid off several members of the staff today. According to the company it’s laid off about 17% of the workforce. Given the number of employees it has, this is somewhere between 150 and 200 employees.

Jam City is the mobile developer behind titles like Harry Potter: Hogwarts Mystery, Disney Emoji Blitz and, most recently, the blockchain game Champions Ascension. Last year it cancelled plans to go public via a $1.5 billion SPAC.

*Source: https://venturebeat.com/2022/08/04/jam-city-lays-off-hundreds-of-staff-as-part-of-restructuring/