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.
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.
Stockholm, Sweden-based Paradox acquired Seattle-based Harebrained Schemes in 2018. The deal was worth $7.5 million.
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.
The buzz around Starfield’s launch was punctuated by the news about the shutdown of Volition Games. The news was shared on the studio’s official LinkedIn handle about half an hour after the embargo on Starfield was lifted. Volition is famous for making Saints Row and Red Faction. “This past June, Read more…