When Razer busted into the tech scene with a gaming smartphone, the company came with lots of prospects. It was soon to get several rivals in the Black Shark, ASUS ROG. Razer would soon follow up the first model with the Razer Phone 2 which came with several improvements. Away from the razzmatazz of a phone launch, Razer may be in deep water financially. There are reports that the company has laid off some of its workforce in order to limit its running cost.
According to tech blog Droid Life, Razer laid off up to 30 employees which represent about two percent of its total workforce. Razer has business concerns in other tech products apart from mobile phones but the report claims that the 30 employees are connected mostly with the mobile division at Razer. This could only mean that the Razer Phone 3 may have been halted.
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Razer issued a press statement confirming that it laid off several employees in its mobile division, The statement also clarified that some workers were reassigned to other projects within the company. As a ray of hope, the gaming phone manufacturer hinted that it still sees great opportunities in the mobile gaming space and will continue to invest in this category through a combination of hardware and software initiative. The company also stated that they were working on new exciting mobile projects and details will be shared when the products are ready. The statement also disclosed that the Razer Phone 2 will continue to be on sale and will get the latest updates and features. But in an era where attention is shifting to foldable phones, we do hope a high level of interest is sustained for gaming phones. That is the only way Razer’s mobile division and other gaming phone makers can stay afloat and become profitable.
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