GDANSK (Reuters) – Polish mobile games producer Ten Square Games said on Monday that management plans to reduce number of employees by about 120 people, or 25% of its workforce,by the end of April.
The company blamed a challenging economy and an unstable mobile games market.
The company also decided to suspend further development on its Undead Clash and Fishing Masters projects and to book a writedown of 14.3 million zlotys ($3.39 million) for the former and 11.4 mln zlotys for the latter.
($1 = 4.2200 zlotys)
(Reporting by Maria Gieldon in Gdansk, Editing by Louise Heavens)
