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Crytek Shut Downs Five Studios After A Year Of Financial Difficulties

For a past year, Crytek had been facing financial difficulties and now the company has shut down its five studios in Hungary, Bulgaria, South Korea, China, and Turkey.

According to Crytek, they plan to refocus their core strength towards developing innovative games and game development technology.

This news comes in aftermath of recent reports that the company had not been paying its employees on time. Now the company has only two studios left in Frankfurt, Germany and Kiev, Ukraine. The company said in a press release that they have “put plans into action to secure jobs and to ensure a smooth transition and stable future” for those who will lose their jobs.

According to Kotaku, there is a rumor among Crytek staff that the company has sold its free-to-play title Warface to the Russian publisher

Crytek managing director Avni Yerli said in a press release that such transition is far from easy and the company thanks all of its staff members who have worked hard for the company.

These changes are part of the essential steps we are taking to ensure Crytek is a healthy and sustainable business moving forward that can continue to attract and nurture our industry’s top talent. The reasons for this have been communicated internally along the way. Our focus now lies entirely on the core strengths that have always defined Crytek – world-class developers, state-of-the-art technology and innovative game development, and we believe that going through this challenging process will make us a more agile, viable, and attractive studio, primed for future success.

Crytek is known for the Crysis franchise and Ryse: Sone Of Rome. The latest game developed by the studio is Robinson The Journey which is a virtual reality game released for PC.