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CMON Suspends Game Development and Lays Off Staff Due to Tariff Pressures

The Singapore-based board game publisher halts new projects and crowdfunding to focus on fulfilling $26.1M in outstanding commitments as US-China tariffs strain the industry.

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Overview

  • CMON has paused all future game development and crowdfunding campaigns indefinitely, citing escalating US-China tariffs and global economic conditions.
  • The company announced layoffs across all creative teams as part of cost-cutting measures to manage financial challenges.
  • CMON is prioritizing the delivery of 11 outstanding projects, collectively backed by $26.1M, while awaiting stabilization of trade conditions.
  • The publisher issued a profit warning in March, projecting potential losses of up to $2.1M and delaying its financial statements.
  • The 145% US tariffs on Chinese manufacturing have severely impacted the board game industry, with other publishers also reporting financial strain.