Funcom NV Announces Update on Restructuring and Reduction of Personnel

Funcom NV announced that as part of the restructuring it establishes a joint, centralized live team at its studio in Raleigh, North Carolina, whose primary responsibility will be expanding and enhancing the Company’s three live games. The team in Montreal will work on currently unannounced projects for the tablet and mobile platforms, as well as continuing to improve and enhance Funcom’s own Dreamworld technology. The restructuring process includes a reduction in headcount at the Montreal studio among those who have not been relocated to Raleigh to be part of the centralized live team or who are not part of the new team which will be working with mobile, tablet and technology. There has also been a staff reduction at the Raleigh studio in certain departments.