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Nicholas Lovell
Avalanche Studios to halve workforce, lay off 77 staff
By Nicholas Lovell on October 28, 2008
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According to Develop, Swedish developer Avalanche has just laid off 77 staff following the cancellation of 2 major projects worth $34 million.
The company continues to work on Just Cause 2 for Eidos and co-production with Emote called The Hunter.
Added to the Job Loss Tracker.
About Nicholas Lovell
As well as founding Gamesbrief, Nicholas is a consultant to the games industry on online and corporate strategy and financial matters. He can be contacted at nicholas@gamesbrief.com Following a decade long financial career in the City of London, Nicholas founded Lodestar Partners, a corporate finance boutique that focused exclusively on the games industry. From 2006 to 2008, Nicholas was CEO of GameShadow, a games website and patching engine. He is a non-executive director of developer nDreams and provides consultancy services to a number of companies including Firefly and Huddle.Related Posts
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