Gameloft shuts shop in Chengdu

France-based game developer Gameloft SE has closed its office in Chengdu, Sichuan province, as part of its global restructuring plan and efforts to stay profitable.

The move comes close on the heels of the company pulling the plug on its Shenzhen unit in Guangdong province due to poor profitability and increasing market competition. The latest move is likely to see about 300 jobs being axed at the Chengdu office. Gameloft officials were not immediately available for comment.

The Chengdu branch mainly operated as a gaming development studio to produce mobile games available for download in Chinese app stores.