Team17—Laid off 50+ employees two weeks after reporting 'strong' revenue, breaking promise of no more cuts
In 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.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.885 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
Laid off 50+ employees two weeks after reporting 'strong' revenue, breaking promise of no more cuts
In 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.