"Heiko Hubertz explains job change, end of US development and the 80 jobs axed in Germany
Online gaming company Bigpoint has cut 120 jobs, and has announced the departure of Heiko Hubertz from the CEO role.
The company told GamesIndustry International that 80 employees in the Hamburg office and more than 40 in the San Francisco office are affected by the decision.
The company will no longer develop games in the US.
"We have seen that developing games in the US is not really the most efficient way for us at the moment," Hubertz told GamesIndustry International.
"The games that we have developed in the last two years haven't been that successful, and the San Francisco area and Bay Area is quite a competitive market. San Francisco is, after New York, one of the most expensive cities you can live in in the US, so the people are quite expensive."