DUST Search - CCP confirms layoff if nearly 50 employees...

Zahle Undt wrote:

Gemini Cuspid wrote:

Definitely not white-knighting the topic but I'll help to clarify a few things. The massive "write-off" and negative in their last balance sheet was from software that they once ascribed a specific value to and ended up axing. While it's not 100% confirmed most people are assuming that the reason for the huge negative in their profitability is that they basically wrote off WoD on their balance sheets after writing it as an asset in one of the prior years.

The employee layoff and reduction was expected as developers only dedicated to WoD are obviously not required. From a strictly business perspective they only did one thing wrong; they kept all of their executives on-board. This kind of implies the message that the status quo is pretty good at the top and I really would say it's far from that. You usually see a sacrificial lamb at this stage when disasters that the current level of executives are responsible and some sway in affecting.

This was a really good chance to add some new air and a face that could rebuild relationships between CCP and its larger community. Even in Japan where "being polite" and corporate seniority etiquitte dominate Sony canned and shifted roles. CCP may not be big but they aren't on the best track record right now for winning moves and if Legion is their "high point" it looks to be a rough, really rough year for them...

Nothing wrong with a different opinion, I enjoy a good discussion. In the spirit of such debate, the layoff of the solely WoD people already happened at cancellation and we already know (I believe) that non-WoD people were affected, CCP Eterne for example. I will have to accept your point on the WoD asset as my field isn't business and I'm not going to pour through that financial report and try and make sense of it. To me that comes down to weird bookmaking if it is true and I wonder how much the IP itself is valued at as an asset and if they do or do not count that in their financials even if the game itself and its projected revenue was written off as a loss.

I feel bad for it because these employees' lives are negatively impacted by all this, but I can't help but enjoy the soap opera of it all and interested to find out if I'm right or wrong about the future fate of CCP.


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Gemini Cuspid Amarr Templars Amarr Empire 84	Posted - 2014.06.05 23:13:00 - [1] - Quote Definitely not white-knighting the topic but I'll help to clarify a few things. The massive "write-off" and negative in their last balance sheet was from software that they once ascribed a specific value to and ended up axing. While it's not 100% confirmed most people are assuming that the reason for the huge negative in their profitability is that they basically wrote off WoD on their balance sheets after writing it as an asset in one of the prior years. The employee layoff and reduction was expected as developers only dedicated to WoD are obviously not required. From a strictly business perspective they only did one thing wrong; they kept all of their executives on-board. This kind of implies the message that the status quo is pretty good at the top and I really would say it's far from that. You usually see a sacrificial lamb at this stage when disasters that the current level of executives are responsible and some sway in affecting. This was a really good chance to add some new air and a face that could rebuild relationships between CCP and its larger community. Even in Japan where "being polite" and corporate seniority etiquitte dominate Sony canned and shifted roles. CCP may not be big but they aren't on the best track record right now for winning moves and if Legion is their "high point" it looks to be a rough, really rough year for them...
Gemini Cuspid Amarr Templars Amarr Empire 86	Posted - 2014.06.06 04:14:00 - [2] - Quote Zahle Undt wrote: Gemini Cuspid wrote: Definitely not white-knighting the topic but I'll help to clarify a few things. The massive "write-off" and negative in their last balance sheet was from software that they once ascribed a specific value to and ended up axing. While it's not 100% confirmed most people are assuming that the reason for the huge negative in their profitability is that they basically wrote off WoD on their balance sheets after writing it as an asset in one of the prior years. The employee layoff and reduction was expected as developers only dedicated to WoD are obviously not required. From a strictly business perspective they only did one thing wrong; they kept all of their executives on-board. This kind of implies the message that the status quo is pretty good at the top and I really would say it's far from that. You usually see a sacrificial lamb at this stage when disasters that the current level of executives are responsible and some sway in affecting. This was a really good chance to add some new air and a face that could rebuild relationships between CCP and its larger community. Even in Japan where "being polite" and corporate seniority etiquitte dominate Sony canned and shifted roles. CCP may not be big but they aren't on the best track record right now for winning moves and if Legion is their "high point" it looks to be a rough, really rough year for them... Nothing wrong with a different opinion, I enjoy a good discussion. In the spirit of such debate, the layoff of the solely WoD people already happened at cancellation and we already know (I believe) that non-WoD people were affected, CCP Eterne for example. I will have to accept your point on the WoD asset as my field isn't business and I'm not going to pour through that financial report and try and make sense of it. To me that comes down to weird bookmaking if it is true and I wonder how much the IP itself is valued at as an asset and if they do or do not count that in their financials even if the game itself and its projected revenue was written off as a loss. I feel bad for it because these employees' lives are negatively impacted by all this, but I can't help but enjoy the soap opera of it all and interested to find out if I'm right or wrong about the future fate of CCP. You kind of hit it a bit on the mark, that they had valued WoD IP and it was included as an asset. While some of it is an intangible it's still part of the larger IP related to WoD and I think i didn't clearly state it that while none of this is 100%confirmed, it seems to be the biggest thing that can account for the record keeping at CCP. So if we think of the IP for WoD having a value as a product [like it was intended to be] then that's an easy way going about it much like how companies get sued over software patents as they have an ascribed value. I'd also say that while the WoD layoffs came before some ppl were reassigned in the initial announcements and I'm going on and simply extrapolating that even more people who were shifted are going bye either because of finalized redundant roles or what not. You're going to be right that it wasn't all WoD-related workers but I'm going on a limb and also thinking it was some of them whom were transferred over. I just think that at some level they should've really made changes at the executive levels and brought in a person who can have made a positive change and culture. I think everyone is in agreement that things with Legion weren't ever handled properly. Bringing in someone that gamers from consoles to PC's would've respected could've gone a long way to bringing back some hope and having a sacrificial lamb might've made both investors and customers breath easier.