Brave Frontier publisher Gumi of Japan announces layoffs just three months after IPO

Was it really just three months ago that Japan’s Gumi looked like a juggernaut?

In a stunning turnaround, the mobile game publisher today said it plans to lay off about 11 percent of its employees and that it would also sell two of its gaming assets. The company projected that about 100 employees would accept buyout offers, out of 901 total employees, according to Reuters.