Star Stable Entertainment reduces workforce by 20% to secure long-term future of its multiplayer horse adventure RPG
Swedish developer Star Stable Entertainment has laid off 20% of its employees following a restructuring program. Read more
Swedish game developer Star Stable Entertainment has reduced its workforce by 20% as part of a restructuring program aimed at securing the long-term future of its multiplayer horse adventure RPG, Star Stable Online. Interim CEO James Watkins announced the layoffs on LinkedIn, stating that this decision is necessary despite the immense challenge it presents.
He emphasized that the company's gratitude goes to the team members who are leaving, acknowledging their hard work, creativity, and dedication. Watkins added that by cutting operating costs and refocusing resources, Star Stable is better positioned to adapt, grow, and continue delivering memorable experiences to players. The restructuring comes as Nordisk Games, now a majority shareholder with a 57% stake, continues to invest in the company.
Nordisk Games acquired a 40% stake in Star Stable in 2018 and subsequently increased its ownership to 57% in 2021.
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