Business Console PC News Report: Multiple Xbox game studio heads negotiating with Xbox to avoid closure Update: Xbox's strategic reset appears to involve shutting down or divesting less-profitable studios. …
Business Production Extended Reality News Embracer-owned VR developer Vertigo Games closes Amsterdam studio It's unclear how many people have been impacted by the closure. …
… Read more about: Layoffs & Studio Closures Top Stories About the Author Chris Kerr Senior Editor, News, GameDeveloper.com Game Developer news editor Chris Kerr is an award-winning reporter with over a decade of experience in the game industry. …
… The studio, best known for the TimeSplitters franchise, was under evaluation by parent company Embracer to see if it warranted closure. Sources speaking to the outlet allege that Embracer CEO Lars Wingfors privately confirmed Free Radical's closure in a company-wide email. …
… In an open letter to investors discussing the news , Wingefors commented on the tidal wave of layoffs and studio closures at the company that followed the collapse of a $2 billion investment allegedly by Saudi Arabia-owned Savvy Games Group back in 2023. …
… Rumblings of possible cuts that could lead to a studio closure or changes to the Xbox Game Studios lineup also started last week. …
… Read more about: Layoffs & Studio Closures Top Stories About the Author Diego Argüello Contributing Editor, News, GameDeveloper.com Diego Nicolás Argüello is a freelance journalist and critic from Argentina. …
… According to reports from Bloomberg and The Verge, that means more layoffs and possibly even a studio closure are on the horizon. …
… Read more about: Top Stories Layoffs & Studio Closures About the Author Chris Kerr Senior Editor, News, GameDeveloper.com Game Developer news editor Chris Kerr is an award-winning reporter with over a decade of experience in the game industry. …
… Additional sources speaking to The Verge have indicated the cuts might even result in a studio closure or changes to the Xbox Game Studios lineup. …
