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Nicholas Lovell
Home   >   Game Over Zone   >   Avalanche Studios to halve workforce, lay off 77 staff

Avalanche Studios to halve workforce, lay off 77 staff

By on October 28, 2008

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.