Mobile games firm Gree is closing its office in Osaka, Japan, resulting in the loss of roughly 200 employees as part of an ongoing attempt to ultimately reduce costs, according to a document translated by Japanese market analyst Dr. Serkan Toto.
The Japanese company is offering a voluntary redundancy plan to its employees, with the aim of reducing its total headcount by 11 percent. As a result roughly 200 of Gree's 1,762 staff will be given the deal, applications for which will be accepted between Oct. 9 and Oct. 28.
Gree's Osaka office opened just last year. Now the office's 30 employees will be relocated to Tokyo headquarters following their voluntary redundancy. While the company is still proving profitable, recent financial results have shown a year-on-year decline with new games failing to make a significant dent. The company laid off staff at its San Francisco office in May, closed its Beijing office in June and later its London office in July.