severance packages Archives

AppWizard

March 31, 2025

Myst maker Cyan Worlds has made layoffs

Cyan Worlds has reduced its workforce by half, eliminating 12 positions due to challenging industry conditions. The management acknowledged the difficult situation and maintained open communication with the team about potential challenges. They offered severance packages to affected employees and invited other developers to consider the available talent. The studio's focus is on securing financing for their next project and stabilizing operations.

AppWizard

February 18, 2025

Report: Funko Fusion dev 10:10 cutting staff

UK-based developer 10:10 Games has laid off 19 employees following the poor reception of its first title, Funko Fusion, which was deemed a "complete commercial and critical failure." The layoffs were attributed to the "needs of the next project" and did not affect senior or upper management. Severance packages for those laid off were slightly above the legal minimum, leading to concerns about support for affected staff. Employees expressed dissatisfaction with management's handling of the layoffs, noting that feedback was not considered. 10:10 Games was founded in 2021 by veterans from TT Games.

AppWizard

February 13, 2025

Crytek lays off around 15% of staff

Crytek has announced a workforce reduction of approximately 15 percent, affecting around 60 employees in development and shared services, due to "complex, unfavourable market dynamics." The development of the next Crysis installment is on hold, and the company is shifting focus to enhance the ongoing project, Hunt: Showdown 1896. Crytek will provide severance packages and career assistance to those laid off. The company remains committed to the development of Hunt: Showdown 1896 and advancing its CryEngine technology.

AppWizard

December 4, 2024

Torn Banner Studios cuts staff

Torn Banner Studios' CEO, Steve Piggott, announced impending staff layoffs as part of a restructuring initiative, though the exact number of positions affected is undisclosed. Laid-off employees will receive severance packages and retain their work computers, with support offered in finding new opportunities at other game development studios. The development of Chivalry 2 will not be impacted by the layoffs, and the studio is committed to progressing with their roadmap and additional content for their games. The final update for Chivalry 2 was released earlier in 2024, and servers will remain active.

AppWizard

November 21, 2024

Hyper Light Drifter maker Heart Machine cuts staff

Heart Machine has announced a reduction in its workforce, confirming that a "portion" of its staff has been made redundant. The studio will provide severance packages and healthcare support for the affected employees and will credit those laid off, along with upholding existing revenue-sharing agreements. Yiyi Zhang stated that the launch of Hyper Light Breaker will proceed as planned, and the studio is also advancing other projects, including Possessor(s), which will remain unaffected by the layoffs. Heart Machine is preparing for the Early Access debut of Hyper Light Breaker, scheduled for 2025.