CD Projekt Red Announces Layoffs, Cuts 9% of Workforce

CD Projekt, the developer behind popular games like The Witcher and Cyberpunk, has announced plans to lay off around 9% of its workforce, impacting approximately 100 staff members. The company stated that the layoffs are part of an effort to align the team's size with ongoing projects and the company's strategy. The affected employees are from development, publishing, and back-office teams, and the layoffs are expected to be completed by the first quarter of 2024. CD Projekt emphasized that the decision is related to the company's ongoing transformation and efforts to optimize working arrangements. The estimated cost of the layoffs, including severance payments, is approximately $1.1 million.