SCi plans radical restructuring with mass layoffs and project cancellations
The restructuring is the result of a six-week business review, following the company's stock plummet and subsequent resignation of several key board members. The 14 projects were canceled after the board evaluated them as being of a low quality, or being unable to generate a satisfactory return on investment. After the restructuring, SCi will operate with a maximum of 800 employees, and will focus on publishing core franchises like Tomb Raider, Deux Ex, and Hitman.
With these sizable shifts in business strategy, along with staff relocation, SCi hopes to cut £14 million GBP in annual operating costs by April 2008.
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(Page 1) Reader Comments
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Hope they get what they deserve!
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This not only makes me a sad panda, but also is bad for the industry as a whole.
...I want my Carmageddon...
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Bethesda, Take-Two, or Crytek(i dunno, just throwin' it out there) deserve to be doing DeusEx 3, not Eidos.
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I remember playing TimeSplitters 1 and 2, that was the prime of the company.
I though TRLegend was good, but TRA was a let-down.
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No, no, I joke, I rarely believe news like this. It's just a factor of "we're not profiting enough" which usually translates to "we want more money to line our pockets, fuck our workforce who makes us rich" followed by layoffs. They got themselves into the shit with everyone over the whole Gertsmann issue and the fact they make a load of shit because of executive decisions to cut corners and stick to small budgets to increase profit margins.
Fuck Eidos.
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