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Crytek announces layoffs at the German developer, saying it cut around approximately 15% of its
workforce, or about 60 jobs. The announcement says
development of the next
Crysis game was put on hold in Q3 of last year to
focus resources on
Hunt: Showdown 1896. That first-person shooter is
reportedly still growing, but the company "determined that layoffs are
inevitable to move forward." The presumed Crysis 4 remains on hold, and there's
no suggestion that this will change any time soon:
Like so many of our
peers, we aren't immune to the complex, unfavorable market dynamics that have
hit our industry these past several years. It pains us greatly to share today
that we must lay off an estimated 15% of our around 400 employees. The layoffs
affect development teams and shared services. This has not been an easy decision
to make, as we deeply appreciate the hard work of our talented teams. After
putting the development of the next Crysis game on hold in 03 2024, we have been
trying to shift developers over to Hunt: Showdown 1896.
While Hunt: Showdown 1896 is still growing, Crytek cannot continue as before and
remain financially sustainable. Even after ongoing efforts to reduce costs and
cut operating expenses, we have determined that layoffs are inevitable to move
forward. Crytek will offer affected employees severance packages and career
assistance services.
Update: This report
originally said 400 jobs were lost, which was the company's headcount before the
cuts. Apologies for the error.