Mad Catz fires 37 percent of staff

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Accessory and console / pc component maker Mad Catz has headed into rough water, it is going to fire a staggering 37% of its staff. The company shared this info after publishing their quarterly results. In 2015 Mad Catz had a loss of 4.36 Million USD, almost 4 Million Euro.



Due to the losses the company is forced to restructure their workforce, this year 37% of the staff will be fired to get the costs down. In 2014 from April to December the company already survived a loss of 809.000 USD, but for 2015 that loss quadrupled. According to mad Catz the losses are primarily related to the bad sales of Rock band 4. The company delivers guitars and drum kits for that game.

Several company executives have fled the company, Mad Catz chairman, CEO Darren Richardson , general counsel Whitney Peterson all resigned the day before this announcement.

Mad Catz fires 37 percent of staff


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