It had previously been reported that Crytek had been dealing with a lot of financial woes in 2016, and that has now been confirmed as the company announced it is closing some studios down. They will be shutting down five of their international studios, which are in Budapest, Sofia, Istanbul, Seoul, and Shanghai. This means that all that remains will be the company’s headquarters in Frankfurt, Germany and a studio in Kiev.
The company said that “As part of the changes, Crytek will concentrate on development in its Frankfurt and Kiev studios and continue to develop and work on premium IPs. CRYENGINE will remain a core pillar of Crytek’s overall strategy, with enterprise licensees and indie developers alike continuing to be served by regular engine updates. All other development studios will not remain within Crytek and management has put plans into action to secure jobs and to ensure a smooth transition and stable future.”
Crytek Co-Founder and Managing Director, Avni Yerli, added that the decision was not an easy one while also thanking all the staff members that will now be out of a job. “These changes are part of the essential steps we are taking to ensure Crytek is a healthy and sustainable business moving forward that can continue to attract and nurture our industry’s top talent. The reasons for this have been communicated internally along the way. Our focus now lies entirely on the core strengths that have always defined Crytek – world-class developers, state-of-the-art technology and innovative game development, and we believe that going through this challenging process will make us a more agile, viable, and attractive studio, primed for future success.”
Crytek is most known for the popular Crysis series, though they were also involved with Ryse: Son of Rome. They are currently working on Arena of Fate, Hunt: Horrors of the Gilded Age and Warface.