[EDIT, 1/2/23: Tilting Point has confirmed to us that 14% of its global workforce of 440 is being laid off, over 60 roles. Original story continues below.]
Tilting Point is eliminating an unspecified number of roles as it restructures and adopts a new strategy, we can confirm.
It appears that members of the Wicked Realms team behind Star Trek Timelines have been let go, and others working in product management and Tilting Point’s web3 division have also left the company this week.
Tilting Point would not confirm the number of layoffs or the areas of the business affected, but it did send us this statement:
“At Tilting Point, a great strength has been our adaptability to changing market conditions and focusing on new opportunities. The video game industry has been undergoing significant upheaval and rapid evolution, which has created real hardship, but also incredible opportunity for those with the right business model.”
“We are now restructuring and adapting to new market realities with an exciting vision for the future of Tilting Point, which will translate into new hires made to support our new and growing needs.”
“Unfortunately, this shift also required eliminating roles that no longer have a function in our new strategy. These difficult decisions were not taken lightly; our colleagues who are leaving us are talented and passionate, and have contributed immeasurably to the success of Tilting Point. We thank them for their hard work and dedication.”
When we get more clarity on the size and shape of the layoffs we will update this story. If you have more information, contact us here.