…The company is a subsidiary of Texas Pacific Group, a global management asset firm with over $306 billion in assets worldwide. Xbox announces business 'reset' amid reports of layoffs and studio closures…
…The studio is perhaps better known for creating Geometry Wars 3: Dimensions , and has in recent years served as a support studio on Rare's Sea of Thieves . The closure of Destruction…
…Ubisoft also announced a final round of cost-cutting and studio closures to achieve €200 million in savings, including the closure of Ubisoft Stockholm and Ubisoft Halifax. Last month, the company laid…
…Those layoffs led to the closure of multiple studios, such as Deadpool VR developer Twisted Pixel Games, Ashard’s Wrath developer Sanzaru Games, and Armature Studio. Sanzaru was working on the sequel…
A PlayStation 5 version of the new Gears of War game was in development and had been planned for release until Sharma changed tack, according to the people familiar with Xbox strategy. Retailers had been preparing to ope…
After a bit of a break, I'm back with another one of these. I tried something a bit different with the formatting this time, so hopefully it'll read better on mobile now (feedback's obviously welcome so long as you're no…
…The company hit dire financial straits a few years ago, leading to numerous layoffs and studio closures. Now that the dust has settled, Embracer is spinning off Middle-Earth Enterprises into a…
…reportedly on the brink of closure before successfully pulling off a management buyout and becoming independent. As we all know, that decision paid off massively. The studio went on to create the…
Business Production PC Console News Xbox announces business 'reset' amid reports of layoffs and studio closures Xbox CEO Asha Sharma said the video game division must display 'optimism and realism' as it…
…This led to thousands of layoffs, project cancellations, and the closure of several studios.
…Layoffs & Studio Closures About the Author Danielle Riendeau Editor-in-Chief, GameDeveloper.com Danielle is the editor-in-chief of Game Developer, with previous editorial posts at Fanbyte, VICE, and Polygon. She…
…Having departed in 2019 prior to the studio’s closure by Microsoft, Nakamura would later announce the formation of her own studio ‘UNSEEN’. Finally, 4 years on from the studio’s reveal…
