Update May 23, 2017: Following their breakup from publishers Square Enix, Io Interactive have been forced to lay off staff to keep the studio afloat.
There’s no word on how many staff are affected by the layoffs, but the studio announced the news in a tweet today.
<blockquote class=”twitter-tweet tw-align-center” data-lang=”en”><p lang=”en” dir=”ltr”>An update from the studio: <a href=”https://t.co/k0aoms5cOQ”>pic.twitter.com/k0aoms5cOQ</a></p>— Io-Interactive (@IOInteractive) <a href=”https://twitter.com/IOInteractive/status/866997673412501506″>May 23, 2017</a></blockquote><script async src=”//platform.twitter.com/widgets.js” charset=”utf-8″></script>
Remedy Entertainment and EA DICE are among some of the studios offering to pick up those affected, so hopefully most of the developers soon find a new home.
There’s a chance Io are being forced to downsize to become more attractive to potential buyers, but there’s no word on a buyout yet.
Original Story May 11, 2017: As part of their financial year 2017 results announcements, Square Enix say they are “withdrawing from the business” of Io Interactive, the folks who’ve been putting together Hitman for the last 16 years. It comes at the end of a year where Square posted record sales and profits thanks to Final Fantasy 15, Rise of the Tomb Raider and various mobile games.