Laid off 50+ employees two weeks after reporting 'strong' revenue, breaking promise of no more cuts
Oct 2, 2023In October 2023, Team17 laid off ~50 employees (11% of 438 workforce) from QA, usability, programming, and marketing, just two weeks after reporting 31% revenue growth to £70M and gross profit of £30.2M. Staff had been told after March 2023 layoffs that there would be no further cuts. Reports indicated up to one-third of the workforce could eventually be affected. CEO Michael Pattison also departed during the restructuring.