Cryptic Studios Confirm Layoffs Was Due To Embracer Restructuring
It started with shocking Bungie layoffs and is ending with Cryptic Studios announcing personnel changes—which technically meant layoffs.
It started with shocking Bungie layoffs and is ending with Cryptic Studios announcing personnel changes—which technically meant layoffs.
Bungie’s layoff kept many in the dark because it wasn’t immediately clear the number of staff impacted by the studio’s decision.
Several PlayStation studios have been hit by layoffs in recent weeks. Bungie, the Destiny maker, is the latest to suffer the same fate.
Media Molecule is best known for bringing Dreams and LittleBigPlanet to gamers. According to multiple sources, the studio management plans to cut employee headcount from 135 to 115.
The layoff storm blowing through the gaming industry is far from over. The latest studio that was impacted is PlayStation Visual Arts.
Zen Studios which is most popular for making Pinball FX was founded in 2003. At the time the studio was acquired by Embracer in 2020 through its subsidiary Saber Interactive, the studio employed 65 developers.
Puny Human, a video game development company founded in 2007 and gradually grew its staff strength to 20 announced through a press release on Tuesday, October 3, 2023, that the company was near-total shutdown.
The last few months have seen massive layoffs in the gaming industry. The latest studio to let go of game developers is Naughty Dog, the studio that brought Uncharted and The Last of Us to life.
Warner Bros. CEO David Zaslav believes their studio business has a great potential of turning in improved revenue in the future.
Verdu is handing over Netflix Games to Alain Tascan because he believes his strength lies in starting new things rather than scaling them.