More job cuts waiting to bite at NetEase studios, according to insiders

Chinese gaming giant NetEase is reported to be looking to cut up to 20 jobs at its non-Chinese studios, with as many as a dozen studios facing closure.
This follows recent reports that the company has streamlined a number of relatively newly established studios set up by notable industry veterans, including Worlds Untold, Jar of Sparks and Liquid Swords.
Recent acquisitions include French studio Quantic Dream and Nagoshi Studio, set up by a former Yakuza director, but it is not clear which, if any, of these studios are at risk.
The company, which laid off almost 900 workers last year, is said to be controlled by CEO William Ding, who is reported to have made a number of “dramatic decisions” to rein in costs and increase efficiencies.
The company’s financial reports show a net income of $52 m o n re v e n u eo f$ 29bn in 2022.
In a conference call last week, Ding assured investors that NetEase would support “high quality studios and really master creators”, with no change to this strategy. this means in the context of the company’s recent streamlining of overseas studios. Or does it refer to something else? Discuss.

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