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December 7, 2012 10:03 pm GMT

With Layoffs At Japanese Gaming Giant GREEs SF Offices, Internal Memo Reveals Plans For Scaling Back To Tokyo

gree logoHere's some more background on the GREE layoffs that happened yesterday. The $3.9 billion Japanese mobile gaming company announced some restructuring yesterday that will move much of the platform team back to its headquarters in Tokyo. The company's consolidating a couple of teams in the U.S. to focus on publishing and partnerships for third-party developers and growth and revenue for first-party games. GREE didn't provide much more than a brief statement yesterday acknowledging the redundancies and we had been hearing from sources that there were more than 30 layoffs. GREE just came off a poor quarter in which profit actually declined by more than 25 percent quarter-over-quarter.

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