Restructuring at NetEnt is to result in a loss of 55 full-time positions, at a cost of SEK25m (£2.19m), as the supplier seeks to boost its games output.
The streamlining of operations will result in the job losses, most of which are in Stockholm within corporate support functions. The changes are taking place this month, leading to a reallocation of resources to increased game production.
Of the non-recurring SEK25m costs, SEK5m relate to a write-down of intangible assets regarding a virtual reality development project.
Therese Hillman, group CEO of NetEnt, said: “By decentralising our operations we take another step towards a new NetEnt, where customers and players are in focus. The new organization will have clearer responsibilities and more emphasis on value-creating initiatives.
“We are pleased to see the performance of our new game releases so far in the fourth quarter as we continue to diversify our game portfolio. Going forward, we increase the pace of output and expect to release 30-35 new games in 2019.”