Embracer Group CEO Lars Wingefors has reportedly confirmed to employees that TimeSplitters studio Free Radical will close next month, as part of a massive restructuring program that has already resulted in the loss of more than 900 jobs across the company. ‘business.
The rumor that Free Radical – a studio resurrected in 2021 specifically to revive the beloved TimeSplitters franchise – was the latest developer to be impacted by parent company Embracer’s restructuring first emerged earlier this month in a report from VGC.
The publication’s sources have now shared a company-wide email from Wingefors confirming that Free Radical is currently engaged in a consultation process – under UK employment law, employees must participate in a process of 30-day consultation before layoffs can be made – which could result in the studio closing next month.
“As we move forward with the consultation process and face the potential closure of Free Radical Design on December 11, 2023,” Wingefors reportedly wrote in his email to employees, “I want to express my gratitude for your commitment and the remarkable work you have done. and continue to do so… This is a difficult time for all of us, but especially for you, and our goal is to support you as much as possible during this transition.
While it’s possible the studio could be saved if Embracer receives an acquisition offer, it’s unclear how likely that will be.
Embracer Group launched its devastating restructuring program in May, following the collapse of a massive $2 billion deal. So far, the cuts have led to layoffs at Tomb Raider developer Crystal Dynamics, Pinball FX developer Zen Studios, and Mythforce developer Beamdog. Embracer has also closed Studio Onoma (formerly Square Enix Montreal) and Saints Row developer Volition, and is reportedly looking to sell Borderlands studio Gearbox.
Embracer confirmed a new round of layoffs earlier today after sources at Galaxy on Fire and Chorus developer Fishlabs informed Eurogamer that 50 out of 95 positions at the studio had been cut by Embracer management.