Embracer confirms TimeSplitters developer Free Radical may close in December
According to reports, Embracer Group CEO Lars Wingefors has privately acknowledged the possibility of Free Radical Design closing by the end of the year, following an ongoing consultation period.
The details:
As reported by VGC, sources have stated that the CEO sent out a company email confirming that Free Radical may close on December 11, 202, once the current consultation process is completed. “As we move through the consultation process and face the potential closure of Free Radical Design on 11 December 2023, I want to express my gratitude for your commitment and the remarkable work you’ve done and still keep doing,” Wingefors wrote. “This is a challenging time for all of us but especially for you, and our focus is to support you as much as we can during this transition.”
It was previously reported that the UK-based studio could close its doors just two years after reopening to work on a new TimeSplitters title, though it was possible that it could have found a buyer. Following the news, several studio employees began looking for new jobs on LinkedIn.
Since June, Embracer's restructuring program has resulted in over 900 job cuts, multiple studio closures, and an unknown number of project cancellations, with the company confirming that more are on the way. Recently, German developer Fishlabs announced the layoff of around 50 employees.
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