After a fourth-quarter loss of $286 million, game publisher Activision has enacted some major cost-cutting measures. Hundreds of employees have been cut from Activision-owned developer and a few studios have been closed completely. According to reports in the LA Times and other outlets, about 50 people were let go from Guitar Hero developer/former Tony Hawk developer Neversoft, and more than half of Prototype developer's 180 employees were let go.
Also affected were RedOctane, the original publisher of Guitar Hero. Purchased by Activision after the success of the first game, the company has now been closed along with Guitar Hero: Van Halen developer Underground Development. Finally Luxoflux, creators of the Transformers: Revenge of the Fallen game, was closed, with a handful of employees being offered jobs at other Activision studios.
Best wishes to everyone affected and to their families.
Tags: Activision, layoffs
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