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DON’T NOD weighs up to 90 position cuts in France amid funding risk
September 9, 2026DON'T NOD is considering a France-only restructuring that may reduce up to 90 positions. The company also needs external financing, but it has not announced completed layoffs or a January 2027 closure.
DON’T NOD is considering a restructuring of its French operations that may reduce up to 90 positions. The company has not announced that those reductions have happened, nor has it announced that it will close in January 2027.
In a regulated update published September 4, 2026, DON’T NOD said its ability to continue operating partly depends on securing external financing. It identified “material uncertainty” about its ability to continue as a going concern beyond January 31, 2027. That is a serious financial warning, but it is not a scheduled closure date.
What the proposed France restructuring covers
The transformation project remains under consideration and is explicitly focused on France. DON’T NOD said it plans to refocus its French operations around a single production line. The associated workforce adjustment “may involve” a reduction of up to 90 positions.
That wording does not confirm 90 completed layoffs or guarantee that all 90 positions will be removed. The company has not disclosed which roles, teams or projects might be affected.
DON’T NOD’s board approved the launch of the project, while management began meetings with employee representatives and negotiations with its union ahead of the potential implementation of an employment-protection plan. A separate September 1 regulated release announced the start of the employee information and consultation process.
Because the disclosed workforce proposal applies to France, it should not be presented as confirmation that every DON’T NOD studio or operation is included in the possible reduction.
What the first-half figures show
The proposal accompanies a difficult first half of 2026. DON’T NOD reported revenue of €6.1 million, down 14% year over year. Total operating revenue was also €6.1 million but fell 56% because no capitalized production costs were recognized during the period.
The two percentages refer to different measures: the 14% decline applies to revenue, while the 56% decline applies to total operating revenue.
Consolidated gross cash stood at €8.0 million at the end of July 2026, compared with €15.4 million at the end of 2025. In the September financial update, the company connected its going-concern uncertainty to its need for external financing.
Why January 31, 2027 is not a closure date
The January date is a threshold used in DON’T NOD’s going-concern disclosure. It describes uncertainty about the company’s ability to keep operating beyond that point; it does not say the company will shut down on January 31, 2027.
The warning was also not first disclosed in September. DON’T NOD’s April 23, 2026 full-year results release already said there was material uncertainty about its ability to continue as a going concern beyond the same date.
The material development in September was the additional restructuring detail: a France-focused reorganization, a move toward one French production line and a possible reduction of up to 90 positions.
Whether the employment-protection plan is implemented, how many positions are ultimately affected and whether DON’T NOD secures the financing it says it needs remain unresolved.
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