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The Israeli gaming company Playtica will lay off hundreds of its employees.
According to estimates, next week the company will announce a second round of extensive layoffs that will include 12-15% of the employees, whose total number is 4,100. In total, the number of those laid off may reach 500, 180 of them in Israel.
As mentioned, this is the company’s second round of layoffs. In the first round held in May The company laid off 250 employees. The previous round mainly affected the USA, but now it also reaches the center of the company in Israel.
In June Playtica, which was founded in Israel and is today controlled by a Chinese fund, signed on Agreement for its sale – which has not yet been finally closed – to the JOFFRE investment fund at a value of 8.5 billion dollars. The buyer also has Chinese roots, although it defines itself as an international technology investment fund. The fund is led by James Lu, formerly an executive at the Chinese internet giant Baidu who currently serves as the chairman of Grindr, the dating app for the LGBT community
Playtika stated: “As a leading company in the industry and as an employer of 4,100 employees worldwide, Playtika takes seriously its commitment to be ready for several business scenarios. Playtika has not issued an announcement regarding its organizational structure.”