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.