Part of a larger organizational restructuring at NCSOFT in the West.
ArenaNet, the studio behind the Guild Wars franchise, will dismiss employees after unannounced projects have been canceled, although Guild Wars and Guild Wars 2 game services are not likely to be affected.
IGN Achieved The company has confirmed the redundancies and stated that it is part of a larger organizational restructuring within NCSFT, the parent company of ArenaNet. ArenaNet sends IGN the following statement:
"We can confirm that ArenaNet will be downsizing due to the discontinuation of unannounced projects as part of a larger organizational restructuring within NCSOFT in the West, but Guild Wars and Guild Wars Two Game Services will not be affected, and no upcoming game content will be deleted. "
IGN has also contacted NCSOFT to comment.
First, it was reported by Kotaku that these layoffs were recently circulated among employees. It is still unclear how many will be fired, although there are rumored to be a significant number of them.
Songyee Yoon, CEO of NCSOFT West, reportedly emailed employees this afternoon stating that these actions are related to the live game business. Revenues are declining as franchisees age and development delays continue while operating costs in the west are rising.
"Where we are is not sustainable and will not be geared to future success." Yoon wrote, "Restructuring, cost cutting and strategic reorientation are all undertaken to secure our tomorrow and provide the foundation that enables us
ArenaNet is said to have turned to staff at two meetings later in the day. While there's still a lot in the air, ArenaNet is reported to be offering two months compensation to those who lose their jobs and one Bonus time based on the company's hiring.
The latest version of ArenaNet was the Guild Wars 2 expansion: Path of Fire was launched in September 201
Lately, there have been layoffs in the Indu despite corporate reporting Strike, including layoffs at Activision Blizzard Record revenue: Telltale Games was discontinued late last year, resulting in the loss of multiple jobs.
Colin Stevens is a news author for IGN. Follow him on Twitter  7].