Game industry winter: 505 Games game publisher parent company announces 30% layoffs

CTOnews.com November 15 news, the game industry's winter is still not over. Digital Bros, the parent company of 505 Games, recently released a press release saying it would lay off up to 30 percent of its employees.

CTOnews.com Note: 505 Games is an Italian video game publisher and development company founded in 2006 as part of the Digital Bros Group with offices in Milton Keynes, UK and Los Angeles, USA.

505 Games has released a number of games including Harvest Day 2, Dawn Kill, Ghost Walker 2 and Remedy's Control, and has announced that it will release Remedy's Control 2 game and its multiplayer derivative Condor.

505 Games also plans to release Eiyuden Chronicle: Hundred Heroes in 2024, designed to bring classic JRPG games to gamers in a modern style. Get ready to lead more than 100 playable heroes through a war-torn world and become the only savior.

505 Games layoffs have begun, with some team members, including Nick Salazar, their senior communications manager, announcing on social media that today is their last day at the company.