Online game writer 505 Video games has closed its places of work in Germany, Spain, and France in a brand new spherical of restructuring throughout the video games trade.
Whereas the information of the workplace closures is new to some, 505 Video games advised Eurogamer that the information was “a part of our authentic announcement from November relating to 505’s enterprise overview.”
The corporate’s preliminary announcement from final 12 months additionally talked about it might lay off 30% of its workforce. “The online game market has advanced for the reason that pandemic to be extra selective by way of new video games, the corporate stated in November. Including that customers are more and more returning to established IPs and spending extra time on these video games.
Acquisitions amidst layoffs
Treatment Leisure has just lately acquired the complete rights to the Management franchise from 505 Video games who first printed the sport for €17 million (~$18,300,000) which is huge information for followers of the favored sport.
Treatment will now independently develop and publish the Management sequel and any future initiatives associated to the franchise. This variation additionally signifies that Treatment has full artistic management over the path of Management 2 and any subsequent titles, with out the involvement of 505 Video games.
The online game trade has skilled a wave of restructuring and layoffs over the previous 12 months, and simply two months into 2024, greater than 8,100 people have been impacted by job cuts and we have put collectively an in depth round-up of all 2024 layoffs thus far.
This development has affected a variety of corporations and studios, from main gamers like Sony’s PlayStation division to smaller unbiased builders.
