News

Report of mass layoffs at Gameloft Toronto
Report of mass layoffs at Gameloft Toronto
Update: Gameloft has confirmed layoffs to GamesIndustry.biz, with a spokesperson saying it was "necessary" for the stud…
June 27, 2024
Perfect World cuts staff in multi-unit layoffs, reportedly suspends game projects
Perfect World cuts staff in multi-unit layoffs, reportedly suspends game projects
The Chinese tech giant is said to be making mass reductions after declining fiscal year profits, and it's unclear what this means for the games it's making.
June 27, 2024
Second Wave studio Challengers Games shuts down
Second Wave studio Challengers Games shuts down
Challengers Games is shutting down, with its latest title Second Wave no longer available as of yesterday.
June 25, 2024
Second Wave developer folds after missing wage payments and amassing $1.7M in debt
Second Wave developer folds after missing wage payments and amassing $1.7M in debt
South Korean studio Challengers Games had been treading water for months.
June 24, 2024
Venture to the Vile maker Studio Cut to Bits lays off majority of staff
Venture to the Vile maker Studio Cut to Bits lays off majority of staff
Cut to Bits' Venture in the Vile only released this past May, and the studio is already cutting most of its small staff.
June 21, 2024
Meta laying off workers within Reality Labs division
Meta laying off workers within Reality Labs division
The Meta Quest maker has reportedly laid off a small number of employees with restructuring underway.
June 19, 2024
Galvanic Games closing down
Galvanic Games closing down
Seattle-based developer Galvanic Games has shut down.
June 17, 2024
Report: Embracer shutters Alone in the Dark dev Pieces Interactive
Report: Embracer shutters Alone in the Dark dev Pieces Interactive
Embracer has reportedly shut down Pieces Interactive, the studio behind the recently released Alone in the Dark.
June 17, 2024
Report: Embracer studio Pieces Interactive has shut down
Report: Embracer studio Pieces Interactive has shut down
The studio worked on the recent Alone in the Dark remake, which according to Embracer delivered a 'softer-than-expected performance.'
June 17, 2024
Wizard with a Gun dev Galvanic Games is closing down
Wizard with a Gun dev Galvanic Games is closing down
The nine-year studio had potential projects lined up before its closure, but didn't have the time to sign with partners.
June 15, 2024
'We did not set everyone up for success': VRChat cutting 30 percent of jobs after overhiring
'We did not set everyone up for success': VRChat cutting 30 percent of jobs after overhiring
'These decisions are not a reflection of the quality of the team members who are leaving, but rather one of a changing business and market.'
June 13, 2024
Sumo Group closing Timbre Games
Sumo Group closing Timbre Games
Original story, June 12, 2023: Sumo Group has reportedly closed Timbre Games.
June 12, 2024