Update July 17th 11:02AM ET: Virtuos has confirmed the below layoffs, describing them as "a rebalancing of roles across [its] studios and geographies".
In an official statement, the studio says around 200 employees in Asia and about 70 in Europe will be losing their jobs, "including fewer than 10 in France, where the core team working on Oblivion Remastered is located".
Original story follows below.
Original story: Virtuos, the studio behind this year's Oblivion remaster and the upcoming Metal Gear Solid 3: Snake Eater remake, is reportedly about to lay off hundreds of its employees.
According to a report by journalist Gauthier Andres, around 300 employees' jobs are at risk at Virtuos, constituting around 7% of the studio's overall workforce. These layoffs will mostly be concentrated in the Chinese branch of Virtuos, but employees in "many other areas" are at risk too, Andres says.
Supposedly, these employees are being laid off in the name of "competitiveness", or so Andres says a memo sent to employees a few weeks ago reads. These layoffs reportedly follow payrise freezes and bonus reductions at Virtuos in February.
Andres also says that Virtuos employees have told him the company is ramping up its...
