Gameloft Toronto lays off 49 staff

• Canada office's Disney Magic Kingdoms title moved to Ukraine studio
• Another in-development game was also cancelled following a previous round of layoffs

Gameloft has laid off most of its staff at its Toronto office, according to a report.

As reported by GamesIndustry.biz, sources claimed 49 staff have been let go. The studio's game, Disney Magic Kingdoms, has been transferred to its team in Kharkiv, Ukraine.

Another project from the Toronto team was also said to have been cancelled earlier this year, coinciding with a round of job cuts.

Sources said HR, IT, and management were the only areas not impacted by the job losses.

"Substantial" layoffs

A Gameloft spoksperson confirmed the news, blaming "ever-changing market conditions" for the redundancies.

"Unfortunately, this leads us to substantially reduce our production activity in our Toronto studio and to let go some employees of the office," read a statement.

"This decision has not been taken lightly, and we understand the impact it may have on affected employees. We will be working with them, on a case-by-case basis, to find the best way to handle their situation."