Take-Two Interactive is embarking on another cost cutting program, and this one will see the company layoff about 5% of its employees by the end of the year.
28.03.2024 - 14:13 / gematsu.com
SEGA has sold Relic Entertainment and will reduce headcount by approximately 240 roles at several of its European studios with the aim of optimizing fixed expenses, the company announced.
Relic Entertainment will become an independently-run studio and continue to support its titles, including Company of Heroes 3.
According to GamesIndustry.biz, most of the layoffs are across Creative Assembly and SEGA Europe, while a “small number” will be cut from HARDlight.
Here is the full message from Relic Entertainment on going independent:
Take-Two Interactive is embarking on another cost cutting program, and this one will see the company layoff about 5% of its employees by the end of the year.
Take-Two Interactive, the publisher behind the Grand Theft Auto series, including the upcoming GTA 6, is enacting a cut to its workforce and canceling projects. This is just the latest in the slew of layoffs and restructurings in the gaming industry over the last couple years.
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Palia developer Singularity 6 has laid off 35 percent of its staff just months after the game entered early access.
The developer of Palia, Singularity 6, has laid off 35% of its staff.
Palia, a cosy, free-to-play life sim, arrived on Steam just a couple of weeks ago. This week, developers Singularity 6 laid off 35% of their staff, thought to be around 49 people.
Relic Entertainment recently announced that it was splitting from parent company Sega and going back to being an independent studio, but with that shake-up has come unfortunate upheaval, with the developer joining the ever-growing list of companies in the games industry that have been hit with layoffs.
Esteemed developer Relic Entertainment — the creators of acclaimed RTS franchises like Homeworld and Company of Heroes — has confirmed a further round of layoffs at the Canadian-based studio. This news came only a few days after Relic's departure from Sega as a former subsidiary of the company.
Company of Heroes developer Relic Entertainment has said it will make further layoffs, following its sale by Sega announced last week.
Relic Entertainment has announced sweeping cuts it said were made to give the studio “the best possible chance to survive.”
Developer Certain Affinity is laying off 25 members of staff.
Layoffs are sweeping the gaming industry and Ubisoft has announced more. Nearly 10,000 people were laid off last year as the industry started to shift in a different direction. Many companies are looking towards live service games to make the money necessary to survive and Ubisoft has been a part of this trend. Its Skull and Bones was released in February, and continues to capitalize on the live service concept. Regardless, it seems preventing layoffs was not possible.