Tencent has announced job cuts at Sharkmob London

The gaming company Tencent has announced workforce reductions at its Sharkmob London branch. Although the exact number of affected employees wasn't revealed, Tencent acknowledged the challenging market conditions that led to this situation.

According to a report by Pocket Gamer, while the publication suggested that most of the team was laid off, this claim hasn't been verified by Tencent. Efforts to get clarification are ongoing, with GamesIndustry.biz reaching out to Tencent for more information.

Last month, GamesIndustry.biz highlighted that Sharkmob London began a consultation period as Tencent decided on staff reductions and canceled a yet-to-be-announced project. Tencent stated this situation means fewer team members can be maintained in London, emphasizing support for those impacted during this tough transition.

It is important to note that the Malmö studio of Sharkmob continues its operations unaffected by the London layoffs, as it gears up for the release of its new game, Exoborne.

Tencent took ownership of Sharkmob in 2019, though financial details of the acquisition remain undisclosed.