"Like so many of our peers, we aren't immune to the complex, unfavorable market dynamics that have hit our industry these past several years."

Crytek Announces Significant Layoffs As Crysis 4 Is Put On Hold

"Like so many of our peers, we aren't immune to the complex, unfavorable market dynamics that have hit our industry these past several years."

Yerli added that efforts to reduce costs and cut operating expenses weren't enough to avoid layoffs. The studio will offer affected employees severance packages and help in finding new work, and while Crysis 4 is being put on hiatus, Crytek will continue to work on Hunt: Showdown 1896. The game has seen a surge in popularity lately--possibly due to Post Malone being a big advocate for it--and legendary horror movie villain Ghostface was added to the roster of villains in late 2024.

Crytek joins a growing list of companies that have announced layoffs recently, as Dragon Age: The Veilguard developer BioWare, SteamWorld creators Thunderful Games, and Unknown 9: Awakening developer Reflector Entertainment have all been forced to downsize.

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This story originally appeared on: GameSpot - Author:UK GAG