11 Bit Studios, known for its critically acclaimed games, has recently made the difficult decision to cancel its console-focused game, ‘Project 8’. This cancellation has led to a significant reduction in workforce, with the company cutting 23% of its staff. The move comes as part of a strategic shift, focusing on projects that align more closely with the studio’s core competencies and market demands. The layoffs have affected various departments, reflecting the broad scope of the project’s impact on the company’s operations. This decision underscores the volatile nature of game development, where even well-established studios must adapt to changing industry landscapes.
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