Source: Devsisters

Devsisters has announced a robust management overhaul aimed at establishing a foundation for sustainable growth and strengthening its financial structure. This decision comes as a response to internal and external challenges, including a stagnant gaming market and lackluster performance of new titles, with a core focus on restructuring its portfolio toward profitability and streamlining the organization.

As a first step toward responsible management, the leadership team will implement salary cuts. Until management stability is secured, CEO Cho Gil-hyun and co-chairs of the board Lee Ji-hoon and Kim Jong-hin will work without pay, while key executives will return 50% of their compensation. Additionally, the company will establish a 'Cost Management Task Force' directly under the CEO to optimize company-wide resource allocation and strictly control expenditures.

Investment strategy will also be completely overhauled based on a 'select and focus' approach. The company plans to reorganize its game and IP business portfolio based on profitability and growth potential, concentrating its capabilities on expanding its core 'Cookie Run' IP to drive rapid performance improvement. New projects will also undergo rigorous business viability assessments to determine appropriate investment levels.

To improve organizational health, the company will accelerate the adoption of new technologies, including AI. By integrating these technologies into all business areas outside of creative work, Devsisters aims to build a system that maximizes operational efficiency. This initiative is intended to create an environment where employees can focus on creative tasks, while leveraging infrastructure accumulated through internal R&D to transform the company into a highly efficient, lean organization.

Workforce restructuring will also be carried out to streamline the organization. New hiring will be temporarily frozen, except for essential roles, and the company will increase flexibility through inter-departmental reassignments. Furthermore, a voluntary retirement program will be offered to all employees.

Through this management overhaul, Devsisters plans to streamline its development and operational processes and secure financial stability, aiming to turn this crisis into an opportunity and rebuild its momentum for sustainable growth.