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Storm8 lays off about 130 from its social mobile gaming studio

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Venture Beat reports: “Social mobile game publisher Storm8 laid off a large number of its employees this week. By one account, the San Mateo, California-based company cut about 130 jobs, going down from 240 people to 110. The company has not responded to a request for comment. The move shows just how hard it is to compete in the $40 billion mobile gaming business, where the ranks of developers are splitting into the haves and have-nots. Storm8 was particularly vulnerable because it makes casual mobile games, a sector that has fickle followers and a lot of competitors.”

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