Playtika to Cut Workforce by 15%

Dow Jones01-14
 

By Nicholas G. Miller

 

Playtika will cut its workforce by 15% in the first quarter and aims to reinvest the savings in growth initiatives, the company said Wednesday.

The mobile game developer said it expects to incur costs of $12 million to $15 million stemming from severance, notice period payments, employee benefits and related costs.

"While the plan is expected to result in operating expense efficiencies, the company anticipates reinvesting a substantial portion of these expense reductions to advance growth initiatives," Playtika said. "Accordingly, the impact on overall profitability will depend on timing and scope of these investments."

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

January 14, 2026 06:41 ET (11:41 GMT)

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