Editing News/Frontier to Lay Off Employees

{{News
|seo_title=Frontier to Lay Off Employees
|seo_keywords=Frontier
|image=Frontier.png
|tags=Frontier
|date=2023-10-17T16:57:17.000Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/frontier-to-lay-off-unknown-number-of-staff-in-organisational-review
|article=News/Frontier to Lay Off Employees
}}
|author=Andura
|category=Business
|content=According to recent reports, [[Companies/Frontier|Frontier]] the developer of titles such as F1 Manager and Planet Zoo is getting ready for layoffs. The company stated it intends to '''"refocus on its core strengths following a period of disappointing financial performance and more challenging industry conditions.''"
The company aims to slash operating costs by up to 20%. Frontier announced operating loss of $30m.  

The company stated '''"The Board remains comfortable with market expectations for FY24, with consensus revenue at £108 million and consensus Adjusted EBITDA loss of £9 million. The cost reductions from the Organisational Review are expected to be fully effective for FY25."'''

The gaming industry in general is going through a rough patch. Recently companies such as [[News/Telltale Games Lay Offs Revealed|Telltale Games laid off its members]] and the layoffs even [[News/More Lay Offs at Twitch|affected Twitch staff.]]
}}