EG7 undertakes business optimization at one of its studios

Layoffs at Piranha Games

In a separate post, EG7 announced that it had initiated a “business optimization plan” at Piranha Games, a Canadian studio it acquired for CAD $31.4 million in 2020.
As a result, 38 employees will be laid off, with the optimization expected to be finalized in Q2 2025. According to the official website, Piranha employs 106 people in total.
EG7 cited poor performance of the studio’s latest game, MechWarrior 5: Clans, as the main reason for the job cuts. CEO Ji Ham stated that it “failed to reach new audiences and expand its core audience as anticipated and therefore has not met the necessary sales targets.”
The holding company expects to save around SEK 25.8 million ($2.3 million) in annual costs, saying that the measures will also help Piranha continue to “operate with a sound profitability while being able to ship new content (DLCs) according to plan.”