Paladin Studios has shut down after nearly two decades
Paladin Studios, best known for its work on Good Job, has announced that it will close its doors after almost 19 years due to financial concerns.
The details:
Derk de Geus, co-founder and co-CEO of the Netherlands-based studio, announced the closure in a post on its website. de Geus cites a lack of work in recent months, raising concerns about the company's financial future. While it still has funds, the company will lay off 45 employees, with each receiving severance packages.
Paladin was founded in 2005 and has collaborated with Nintendo, Netflix, Apple, and others, including a remaster of the classic mobile release Cut the Rope and Amazing Katamari Damacy. de Geus wrote that millions had played its titles over the years, but that continuing to operate as it did would have resulted in insolvency.
In recent years, the gaming industry has seen thousands of layoffs and studio closures. Embracer Group recently announced the end of its restructuring program after laying off 8% of its workforce since July 2023, while Take-Two is reportedly cutting jobs at Private Division and closing Intercept Games and Roll7 this week.
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