IO Interactive Lays-off Half Its Staff; Working on New Hitman

Hitman

Hitman developer, IO interactive announced that half of their staff have been laid off and some projects have been cancelled due to the restructuring. Current focus for the studio will be a new Hitman that is currently in pre-production.

In a statement released to GameIndustry.biz, a Square-Enix representative said, ”  We are making significant changes at IO Interactive as we align our business against a changing and challenging market. Hannes Seifert, formerly Production Director for 3 years at the studio, will take over the position of Studio Head at IO.”

“The studio will focus resolutely on the future vision for the Hitman franchise and is in pre-production on a new AAA Hitman project. However we have taken the difficult decision to cancel other studio projects and initiatives at IO and reduce the workforce in this studio, which will impact almost half of the employees currently at IO, as we make internal adjustments to face the challenges of today’s market.”

This is yet another set of layoffs for Square Enix since they announced restructuring back in April after not being able to meet their projected sales goals for 2012. Which led to layoffs at their Los Angeles offices and the resignation of President and CEO, Yoichi Wada.

 

Source: Games Industry International

 

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