You already know that due to its significance in the world of simulators, we closely monitor all the companies that develop them. Motorsport Games (hereinafter MSGM), we already know, is not doing well economically, and probably in other aspects as well. Here is the latest update.
In an SEC note, it details a global reduction in the number of employees by approximately 40% of the total workforce. This is another measure to try to contain annual operating costs. It will affect 38 employees, primarily from Australia and the United Kingdom, with an expected savings of between 0.4 and 0.5 million dollars.
The note is signed by the new CEO and is expected to take effect in the last quarter of 2023.
On a different note, the promotion of Le Mans Ultimate on the website has been abandoned. It is now only done through Twitter (X).
These employees only earned on average $11k?
Judging Glassdoor reviews of the company… maybe.