A new report has revealed that 505 Games will be closing its offices in Germany, Spain, and France. The news comes as a part of the company’s ongoing restructuring process that started last year.
The report, which comes courtesy of Gamereactor states that although several offices are closing, it’s believed that the number of affected employees is around 10.
Digital Bros, the company that owns the likes of 505 Games announced in November 2023 that it would be laying off 30% of its staff, which included an indisclosed number of 505 Games employees.
“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,” the Milan-based company said.
“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.“
Yesterday, it was announced that Remedy Entertainment bought the rights to the control Franchise from 505 Games for €17 million.
Insider Gaming has reached out to Digital Bros for comment.
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