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Report: Red 5 Studios Hit With Layoffs

Posted Jan 27, 2010 by Michael Bitton

Report: Red 5 Studios Hit With Layoffs

Red 5 Studios, a developer founded by former Blizzard employees to develop a yet-to-be announced MMOG, has been hit by massive layoffs according to a report over at Kotaku. The anonymous source speaking to Kotaku has informed them that Red 5 is down to just 30 employees following the layoffs, down from 65. The developer is reported to have been near closure, but has been rescued by the purchase of an unnamed buyer.

Not much has been revealed about Red 5's elusive title, but we do know that the game was to be an futuristic MMOFPS based on Offset Software's impressive game engine. That project is being reported as "on hold" in the wake of the layoffs and buyout. In the meantime, Red 5 Studios will be working on a project that is being aimed at the Chinese market, according to the Kotaku report.

Read the full report over at Kotaku.

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Michael Bitton / Michael Bitton / Michael began his career at the WarCry Network in 2005 as the site manager for several different WarCry fansite portals. In 2008, Michael worked for the startup magazine Massive Gamer as a columnist and online news editor. In June of 2009, Michael joined MMORPG.com as the site's Community Manager. Follow him on Twitter @eMikeB