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restructuring

3

LG will outsource more phones to cut costs amid floundering mobile efforts

LG will outsource more phones to cut costs amid floundering mobile efforts

LG is planning to outsource more of its low-end and mid-range smartphones, according to a report from Reuters. The change would increase design and manufacturing for more lower-end LG phones to third-party ODMs, while keeping LG's branding. The change is likely meant to reduce costs and increase long-term sustainability as LG's mobile efforts continue to fail.

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6

Telltale Games lays off 25% of its staff in company-wide restructuring

Telltale Games lays off 25% of its staff in company-wide restructuring

Telltale Games is one of the most widely-known game studios in the industry, and is often credited for re-popularizing the graphic adventure genre. All of the company's titles in recent years have arrived on Android, among other platforms (like iOS, Windows, PS4, Xbox One, and some on Mac). Unfortunately, Telltale announced a 25% reduction of staff today, affecting 90 individuals.

Telltale Games CEO Pete Hawley said, "Our industry has shifted in tremendous ways over the past few years. The realities of the environment we face moving forward demand we evolve, as well, reorienting our organization with a focus on delivering fewer, better games with a smaller team."

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