Swedish developer Star Steady Leisure has laid off 20% of its staff following a restructuring program.
In an announcement on LinkedIn, interim CEO James Watkins mentioned “this step is critical to safe the long-term way forward for Star Steady.” The developer is understood for its multiplayer role-playing horse journey recreation Star Steady On-line.
“Making this determination was extremely difficult and doesn’t diminish the contribution these workforce members have made,” mentioned Watkins.
“By lowering our working prices and refocusing our sources, we’re placing Star Steady in the absolute best place to adapt, develop, and ship memorable experiences for gamers at present and for years to return.”
Watkins concluded: “Proper now, our rapid focus is supporting the gifted colleagues who’re leaving us. I need to specific my honest private gratitude for his or her exhausting work, creativity, and dedication. We’re totally dedicated to serving to them navigate this transition with care and respect.”
In 2021, Nordisk Games became a majority shareholder of Star Stable Entertainment after rising its stake within the firm.
Nordisk Video games owns 57% of the developer, having beforehand bought a “substantial minority” share – estimated to be $17 million – within the firm in Might 2018, adopted by a 40% stake later that year.