The video game-focused company which announced that it was releasing the video game console Amico in 2018, has decided to lay off a significant amount of its workforce.
The new Intellivision CEO Phil Adam said in a press statement that this significant reduction of the workforce was much needed considering the significant delay in the video game console. That was first set to be released in 2020 but got delayed and was hit by numerous refunds from the customers who ordered the console on pre-order.
Things don’t seem to be going at the right pace for intellivision’s business since its announcement of the Amico console which sounded like a tricky placement in the console wars happening today.
Intellivision reported a total loss of $3.2 million in the year 2021. The company also agrees that it has numerous challenges ahead and promises to keep developing better IP and games for the system and plans to send out a production version of Amico by the end of the year.
It is to be assumed that most of the layoffs may be happening in the r&d of amico the console and also the maintenance and marketing for the same.
Gaming companies seem to be taking a hit with the recent financial turmoil and consumer are spending less with accumulating inflation. We have tracked other layoffs in the gaming industry recently as Tencent Gaming & Hangar13.
Stay tuned for more updates as we hear them layoffstracker.com.