Hitman: Absolution developer IO Interactive has laid off half of its employees and cancelling multiple projects, in what is to be described as “significant changes” to its business tactic.
A Square Enix spokesperson confirmed the news with GamesIndustry International today, saying the Denmark-based studio—overseen by production director and new studio head Hannes Seifert—would give their full attention to creating a new AAA Hitman project.
“We are making significant changes at IO Interactive as we align our business against a changing and challenging market,” the spokesperson says in a statement.
“The studio will focus resolutely on the future vision of the Hitman franchise and is in pre-production of a new AAA Hitman project. However we have taken the difficult decision to cancel other studio projects and initiatives at IO and reduce the workforce in its studio, which will impact almost half of the employees currently at IO, as we make internal adjustments to face the challenges of today’s market.”
Square Enix continues by saying they’re “extremely grateful” and appreciative of the hard work displayed by the developers affected. The publisher has also agreed, “where possible and appropriate”, to try relocating staff to open internal and external positions.