Kabam lays off a ‘small number’ of employees as it moves to mobile game growth

Mobile games like The Hobbit are Kabam's future.

Above: Mobile games like The Hobbit are Kabam's future.

Image Credit: Kabam
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Kabam confirmed that it laid off a small number of employees who worked on older platforms as the company steers into mobile games.

Spokesperson Steve Swasey confirmed that the San Francisco social game publisher laid off a small number of employees that could not be transitioned from the company’s older web and Facebook platforms to its new emphasis on “triple-A-quality mobile games.” Swasey wouldn’t say how many people were laid off, but he did say that the company has more than 700 employees and has 80 openings as it expands into mobile games such as its hit The Hobbit: Kingdoms of Middle-earth.

Swasey also said that the company is profitable and it expects to have more than $300 million in revenues in 2013, compared to its previous estimate of $270 million. The 2013 revenues are expected to be up 66 percent from 2012. Last week, Kabam said its newest mobile game, Fast and Furious 6: The Game, had been downloaded more than 17 million times a month after its launch date. Swasey said Kabam expects to hire 200 employees by the end of 2013.

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