Brazilian mobile games development studio – Wildlife studios have undergone a huge round of layoffs Monday, November 28 – today.
Founded in 2011 by brothers Arthur and Victor Lazarte, Wildlife studios headquartered in São Paulo, the company now employs over 1,250 people across the globe as per the company’s official LinkedIn Page.
Though the exact count of layoffs hasn’t been announced yet – we hear from stories shared on LinkedIn that it could range up to 20% of its overall workforce, around 250+ Employees.
The Brazilian gaming company had an undisclosed secondary market funding in May of 2022, valued at $3bn with a previous round of $120mn in Aug 2020.
The company is renowned for its mobile games – Zooba and Tennis Clash raking in more than 2 billion downloads to date and 100 million monthly active users.