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Funcom NV Updates on Reorganization and Lay offs

Wednesday, 22 Aug 2012 11:53am EDT

Funcom NV announced that as mentioned in the stock notice of August 10, 2012, the Company has initiated a process to reduce operational costs following the launch of its most recent massively multiplayer online game, The Secret World. The process includes several initiatives, such as layoffs and temporary layoffs of some employees in Montreal, Durham, Oslo and Beijing. Some of these initiatives are part of normal procedure following the launch of a project, such as adjustments to the customer service staffing based on the number of customers in the game, as well as adjustments to the production team as the project goes into a post-launch phase following years of development. Many of those affected on the customer service team are on temporary contracts, which is common for a live service such as The Secret World, where customer service demand shifts based on the game's population levels. Around half of the Company's personnel have been affected, with some departments being more affected than others. To make sure Funcom NV is in the position to realize its plans for both the existing games as well as future projects, the Company is focusing on retaining as many as possible on the production teams.

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