According to a repot published By GameReactor, publisher 505 Games is planning to shutter its offices in France, Germany, and Spain as part of its ongoing restructuring initiative.
Back in November, 505 Games owner Digital Bros announced plans to lay off 30% of its staff, which included a number of employees at 505 Games. The report states that the number of people impacted by the layoffs is around 10, despite the fact three offices are reportedly being closed.
The videogame market has evolved since the pandemic to be more selective in terms of new games, with consumers increasingly reverting to well established Intellectual Properties and playing these same games for longer periods.
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In order to prioritize high-quality and long-standing successful titles, Digital Bros has reconsidered the number of projects under development and as such, will review the organization structure accordingly to align with the evolving competitive environment in the medium to long-term to ensure maximum operational efficiency.
Earlier today it was revealed that Remedy had obtained the rights to the Control franchise from 505 Games.
[Source – GameReactor via Insider Gaming]
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