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Good World CEO Xiao Hong and co-CEO Lu Xiaoyin have resigned from their positions following mass layoffs on the firm.
In line with an organization announcement and experiences by Chinese language media, the media conglomerate has appointed senior VP Gu Liming as the brand new chief govt of the corporate.
Hong and Xiaoyin will reportedly proceed on as administrators of the corporate.
PocketGamer.biz has reached out to Good World for remark.
Mass redundancies
The information comes a month after a number of sources claimed Good World laid off as many as 1,000 staff throughout its places of work in Beijing, Shanghai, Chengdu and different cities.
Experiences additionally stated the just lately launched One Punch Man: World and in-development Good New World had ceased manufacturing. A supply from the corporate disputed these claims, nevertheless.
As we beforehand famous, One Punch Man: World has nonetheless not been up to date on the App Retailer and Google Play since April.
Monetary woes
Good World’s Q1 2024 financials noticed the corporate report a web lack of ¥29.8 million ($4.1m). That represented a fall of 112.33% year-over-year from ¥241.3m ($33.2m) in Q1 2023.
Working revenue, in the meantime, fell by 30.2% Y/Y to ¥1.32 billion ($182.9m).
As beforehand reported, AppMagic knowledge estimates present that Good World Cell gross income on the App Retailer and Google Play fell by 56.9% year-over-year in 2023 to $106.6 million.
