KTVN Channel 2 - Reno Tahoe News Weather, Video - GameTech International Reduces Workforce by 25%
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Reno-based GameTech International announced a reorganization Friday that resulted in laying off approximately 25% of its employees.
In a statement to Channel 2 News, the company said:
"Like many companies going through these times of economic difficulty, GameTech must ensure that its business strategies and plans, and its workforce to deliver those strategies and plans, are in line with current business and economic conditions. Unfortunately, this was not the case. As a result, GameTech implemented a restructuring of its organization and workforce resulting in a reduction in force of approximately 25% of its employee base. While this is clearly painful for all involved, it was a necessary decision for GameTech to be able to move forward aggressively as it works its way through a very difficult period for the company, and our industry as a whole."
According to GameTech's website, the company employs 175 people worldwide.
The company declined to comment on the exact number of layoffs and how many of those positions eliminated were here in Reno.
