The company will now only retain two of its studios, based in Frankfurt and Kiev. The goal of this move is to ‘refocus’ on developing ‘premium IPs’ and technology.
The studios affected include locations in: Hungary, Bulgaria, South Korea, China, and Turkey.
“Undergoing such transitions is far from easy, and we’d like to sincerely thank each and every staff member – past and present – for their hard work and commitment to Crytek,” said Crytek co-founder and managing director Avni Yerli.
These changes are part of the essential steps we are taking to ensure Crytek is a healthy and sustainable business moving forward that can continue to attract and nurture our industry’s top talent. The reasons for this have been communicated internally along the way. Our focus now lies entirely on the core strengths that have always defined Crytek – world-class developers, state-of-the-art technology and innovative game development, and we believe that going through this challenging process will make us a more agile, viable, and attractive studio, primed for future success.”
Crytek is reportedly aiding in the affected staff and management in finding new jobs elsewhere in the industry. Our best wishes go out to everyone affected.