Playtika lays off 90 employees amid slumping game revenues
Declines in Best Fiends and Redecor drive latest round of job cuts.
Gaming company Playtika is laying off approximately 90 employees, with around 40 in Israel and 50 in Poland, according to estimates. The layoffs affect the development teams behind two of its titles: Best Fiends and Redecor. This follows a similar move two weeks ago, when Wooga, a Playtika subsidiary, laid off around 50 employees.
The current layoffs appear to be linked to the underperformance of the affected games. Revenue for Best Fiends has declined sharply, from $8 million per month in March 2022 to only about $3 million in May 2025.
In 2021, Playtika acquired Finnish gaming studio Reworks, the developer of Redecor, in a deal valued at $600 million. The acquisition was intended to strengthen Playtika’s position in the design games segment, a genre that had been growing in popularity in the mobile gaming market. Redecor, a simulation-based interior design game, was considered a leader in its category. However, Playtika has since struggled to integrate Reworks into its operations, and all of the studio’s founders departed within two years of the acquisition.
Despite these challenges, Playtika reported record revenue of $706 million in the first quarter of 2025, representing an 8.4% increase year-over-year. However, net profit fell sharply to just $30.6 million, a 42% drop from the same period in 2024. The company’s profit margins also contracted significantly, from 8.1% last year to 4.3% this year.
Playtika is currently traded on the Nasdaq with a market valuation of $1.83 billion.
