Gaming startup Ludeo lays off half its staff as AI reshapes industry
Interactive media platform reassesses strategy after raising $42 million from investors.
Gaming company Ludeo is laying off roughly half of its 50 employees, most of them based in Israel, Calcalist has learned.
Founded in 2022 by brothers Asaf and Omri Gazit, Ludeo developed an interactive media format that allows players to share highlights from their games, enabling anyone to play recorded segments without having to install the full game.
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Rob Schonfeld (center) alongside Luedo founders Asaf Gazit and Omri Gazit.
(Photo: Shay Shachar)
To date, the company has raised $42 million from investors including Corner Ventures, LG Ventures, Samsung, AnD Ventures, Stardom Ventures, and Playtika. Ludeo maintains offices in Tel Aviv, the US, and Europe.
In May, the company announced the appointment of Rob Schonfeld as its first Chief Business Officer. Schonfeld previously served as the Chief Revenue Officer (CRO) of Activision Blizzard,.
Ludeo stated that recent changes in the gaming industry, driven by the rise of AI technologies, have prompted a reassessment of its operations. As a result, the company is undergoing a reorganization, which includes the layoffs.
