Virtuos has confirmed layoffs at the studio, calling it a restructuring of the company in a new statement.
After it was first reported on Wednesday afternoon, the Singapore-based studio said that the layoffs impact roughly 7% of the company’s global staff within teams “facing lower occupancy and slower demand due to structural shifts in the industry.”
In the statement given to Eurogamer, the studio said that 200 people were let go across Asia and 70 were in Europe. Of those 70, less than 10 were in France where The Elder Scrolls 4: Oblivion Remastered was developed.
“We are grateful for the contributions of those impacted. We are providing separation packages, career transition assistance, and opportunities for redeployment across our global network where possible,” a company spokesperson told the outlet. “The company’s immediate focus is on managing this transition with care, transparency, and respect.”
The statement went on to say that Virtuos will “continue to invest in global delivery, technical excellence, and creative collaboration, ensuring that Virtuos remains the partner of choice for the world’s leading game creators. We thank our teams, partners, and peers for their continued support as Virtuos adapts to lead the future of game development.”
Currently, Virtuos has been working as a support studio on Metal Gear Solid Delta: Snake Eater, which is set to launch on August 28.
Insider Gaming has reached out for clarification on claims regarding bonus freezes and the “royalty-free contract” for Oblivion Remastered. Should a response be received it will be posted here.
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Mike has been covering the gaming industry since 2012, and has reported on some of the largest events in the industry while also working as an investigative reporter. Outside of…
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