Thunderful Group Initiates Restructuring in its Co-Development Segment
The Board of Directors of Thunderful Group (publ) has today decided to initiate a restructuring program within the co-development segment, to balance operational expenses with current contracted revenue. The restructuring is expected to result in redundancies of 50-60 employees and cost reductions of SEK 10-12 million during the first half of 2026 and SEK 25-30 million for the full year 2026.
Subsidiary Coatsink, which has been leading Thunderful Group´s co-development segment, has for the last few quarters focused on securing ongoing and new client engagements. New contracts have been secured, but with its largest projects wrapping up, and a more challenging co-development market, the business is currently unable to support all existing employees. Approximately 50-60 roles are therefore at risk of redundancy, correlating to around half of the workforce. All proposed redundancies will be subject to a formal collective consultation process with employee representatives in line with UK employment law. The restructuring is expected to result in cost reductions of SEK 10-12 million during the first half of 2026 and SEK 25-30 million for the full year 2026.
Coatsink is a market leader in full-service co-development. With a more concentrated focus, the studio remains well positioned to deliver on all existing and upcoming top-tier projects, strengthen partner value, and capitalise on its strong commercial pipeline to secure new opportunities.