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PlaySide Studios: Layoffs
Meta terminated Horizon Worlds contracts with PlaySide Studios, creating A$4m FY27 revenue headwind. Work ends July 31, 2026, triggering cost cuts.
Source: Small Caps (smallcaps.com.au)
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: MitchelLake's Talent Market Index sits at 105.8 (Hot), down 2.4 on the prior month; Oceania hiring signal is running steady (-0.1pts).
PlaySide Studios: 1 signal in the last 90 days; 0.1% of MitchelLake's Oceania signal flow.
More signals across Oceania
Layoffs · Oceania
Allianz →Allianz travel division announced cuts of up to 1,800 jobs over 12-18 months, with approximately 14,000 customer service roles targeted for AI-driven automation and elimination.
Layoffs · Oceania
Stuff →Stuff, a New Zealand media company, has proposed job cuts as the local media industry continues to face structural challenges.
Layoffs · Oceania
Electronic Arts →EA is reportedly initiating another round of layoffs, primarily impacting recruitment, customer support, trust and safety, and IT teams.
Layoffs · Oceania
Seven Network →Seven Network is implementing mass redundancies with up to 200 staff expected to be cut across the company. This represents a significant restructuring event for Australia's major media broadcaster.
Layoffs · Oceania
Fujitsu →Fujitsu's voluntary redundancy scheme is oversubscribed with hundreds of staff applying to leave, indicating severe morale issues following Post Office IT scandal
Layoffs · Oceania
CSIRO →CSIRO (Commonwealth Scientific and Industrial Research Organisation) is proceeding with plans to cut hundreds of jobs. Officials confirmed during parliamentary hearings that the plan is in its final stages.
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