GamesIndustry.biz is reporting that Eidos parent company SCi plans to radically restructure its business, canceling 14 active projects, as well as laying off 25% of its work force.
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.
Reader Comments (18)
Posted: Feb 29th 2008 8:43AM (Unverified) said
I really hope they don't cancel the next Tomb Raider or my wife will freak.
Reply
Posted: Feb 29th 2008 8:44AM baby sea tuna said
If they'd made better games, this might not have been an issue.
Reply
Posted: Feb 29th 2008 9:05AM baby sea tuna said
Yeah, now we'll only have 986 other shitty Wii games to choose from in 2008 (SSMB and MK notwithstanding.)
Reply
Posted: Feb 29th 2008 9:16AM (Unverified) said
so they canceled all the NEW ideas and decided to stick with rehashing the same three franchises over and over? Yay!
Hope they get what they deserve!
Reply
Hope they get what they deserve!
Posted: Feb 29th 2008 10:40AM JayVe said
I agree wholeheartedly. Game development has gotten so expensive that the creative ideas are too risky to turn into games. The only things people are willing to fund the big budgets for are the tried-and-true moneymakers.
This not only makes me a sad panda, but also is bad for the industry as a whole.
Reply
This not only makes me a sad panda, but also is bad for the industry as a whole.
Posted: Feb 29th 2008 9:20AM (Unverified) said
NOOOOOOOOOOOOOOO!!! *sob* *sniff* *sob*
...I want my Carmageddon...
Reply
...I want my Carmageddon...
Posted: Feb 29th 2008 9:55AM (Unverified) said
Someone please buy them for the DeusEx IP and dissolve the company afterward.
Bethesda, Take-Two, or Crytek(i dunno, just throwin' it out there) deserve to be doing DeusEx 3, not Eidos.
Reply
Bethesda, Take-Two, or Crytek(i dunno, just throwin' it out there) deserve to be doing DeusEx 3, not Eidos.
Posted: Feb 29th 2008 10:04AM heytherekiller said
JC Denton would look awful in a Hawaiian shirt
Reply
Posted: Feb 29th 2008 10:22AM (Unverified) said
They have gone from being a great publisher, to a great publisher of shite.
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.
Reply
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.
Posted: Feb 29th 2008 10:24AM (Unverified) said
They will use the development budget from the cancelled games to improve the physics of Lara's Breasts.
Reply
Posted: Feb 29th 2008 11:19AM SSUK said
Well, it's nice to see that those projects were canned because of quality...
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.
Reply
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.
Posted: Feb 29th 2008 2:47PM qrack said
Have to wonder how much of this Eidos hate is a hold-over from the whole Gerstmann business. I mean, all parties involved have said that the whole thing was a massive case of bad timing and straws that broke the wrong camel's backs. The interweb...where you're guilty until proven innocent....and probably still guilty after that.
Reply
Posted: Feb 29th 2008 6:50PM (Unverified) said
oh please people. Gerstmann-gate actually probably helped them as Kane and Lynch sold like 1.4 million copies. If you look closely at the history, the problem was management. A few games were delayed and the stocks tanked. The upper management was forced out by shareholders and a new CEO restructed the company. They are trying to slim the company and make better games. Stop with the Gerstmann shite already, the only person it affected was Gerstmann himself. CNET is still alive and well. Eidos is still in business. Internet conspiracies are meh.
Reply
Sorry, you must be logged in to leave a comment.
Featured Stories
The most popular posts
in the last 7 days
- Vita 'UMD Passport' won't be offered in US 220 comments
- Kingdoms of Amalur: Reckoning review: A tempting fate 153 comments
- David Jaffe leaves Eat Sleep Play, layoffs hit developer [Update] 108 comments
- Don't call it a remake: Final Fantasy X is a 'remaster,' to be clear 95 comments
- Battleship movie adapted into FPS by Double Helix 93 comments








