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Free Radical Design, the corporate tasked with making a TimeSplitters reboot, has closed its doorways, in response to employee statements acquired by Eurogamer. Moreover, the developer’s official web site now redirects to a 404 error, together with textual content studying “firm not discovered” and a tragic face. Ex-staffers have additionally taken to social media to announce the closure.
The corporate was reformed again in 2021 particularly to develop new video games primarily based on the long-defunct TimeSplitters franchise. Nonetheless, dad or mum firm Embracer Group has been on a cost-cutting spree these previous few months, lowering its total headcount by greater than 900 individuals. At the moment, we famous that Free Radical Design was seemingly in hassle, placing the TimeSplitters reboot in limbo.
Embracer CEO Lars Wingefors addressed the closure in an e mail to staffers, expressing “gratitude” for the “outstanding work” the staff has completed. Wingefors went on to say that the dad or mum firm appears to help laid-off workers “as a lot as we will throughout this transition.” There aren’t any particulars, nonetheless, concerning severance pay or something like that. It appears like greater than 50 individuals misplaced their jobs as a result of closure, which is a monumental bummer.
One other bummer is that this seemingly means the loss of life of the TimeSplitters franchise in the meanwhile, although possibly one other firm will snap up the IP sooner or later. The unique incarnation of Free Radical went bankrupt in 2008 earlier than being quickly revived to deal with the reboot.
This isn’t the one firm that Embracer despatched packing this yr. It abruptly closed Saints Row developer Volition again in August and is reportedly trying to promote Borderlands developer Gearbox. Embracer beforehand acquired Gearbox for round $363 million as half of a bigger deal valued at $1.4 billion.
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