Gameloft, purveyors of fine mobile games like the Gangstar series and Modern Combat Versus, has closed its Madrid studio yesterday, according to reports from Spanish gaming sites Vandal and Eurogamer.es. The company has let go over 40 staff members as a result of the closure.

Modern Combat Versus
Gameloft has been releasing staff and closing studios around the world since 2015, so this isn’t exactly new for the company. Just last month, Gameloft closed its New Orleans studio, leaving 40 staff without jobs. The company has also closed its New York, Seattle, Tokyo, New Zealand, and Valencia studios in recent years. The reasons for the closures are quite complex, it turns out. Our own Jon Jordan looks at the numbers and ongoing changes at Gameloft to get to the root of the issue.