120 employees let go from Bigpoint, CEO resigns [Update]

Free-to-play MMO developer Bigpoint has just laid off 120 people and CEO Heiko Hubertz is stepping down from his position.

According to the article, the company has let go 80 people from its headquarters in Hamburg, Germany, and 40 people from the San Francisco office it established in 2010. Speaking to GamesIndustry International, Hubertz said developing games in the United States “is not really the most efficient way for us at the moment” between the lack of successful games the company’s developed and the competitive market created by the Bay Area.

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