Restructuring at WotC
Results in Job Cuts
August 20, 2008
Wizards of the Coast announced today that it is restructuring “to focus on key growth strategies for core brands,” which will result in job eliminations. A spokesperson for the company declined to reveal the number of positions eliminated, or their departments, but did say that the total job cuts were less than 5% of the workforce.
The renewed focus on its core businesses, specifically Dungeons and Dragons and Magic: The Gathering, has been driving a lot of decisions at the hobby gaming powerhouse recently, including cutbacks in its fiction program (see “WotC Refocuses Its Publishing Program”) and the shutdown of its ambitious Gleemax online initiative (see “WotC Pulls the Plug on Gleemax”). This focus is also part of a larger strategy at parent Hasbro.
WotC President Greg Leeds said of the changes: “As a company, we will continue to be the leader in entertaining the lifestyle gamer. Re-aligning resources ensures we achieve this goal for our most powerful brands.”
While some positions were eliminated as part of the restructuring, the company is also recruiting to fill open positions elsewhere in the company.
http://www.icv2.com/articles/news/13126.html
Looks like it's tough times for the company as the US economy is set to see hard times in the near future. But it's not all doom and gloom.
The good news is, this is probably a positive thing because the jobs they're cutting are most probably them cutting off the flops that Wizards been making over the years like Dreamblade, Duelmasters and the like. Also, refocusing on their keybrands is good - DnD and Magic deserves to be better, and if they want to get new players and keep the old, it has to be. The news also mentions new job openings, so hopefully Wizards will give priority to the people who lost jobs into the new jobs.
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