Liquid Swords Confirms Layoffs But Will Continue To Work On New IP
Liquid Swords, the development studio formed by former Avalanche studios founder Christofer Sandberg, has announced that it is making a number of layoffs, but remains committed to working on its new IP.
Sandberg founded Liquid Swords back in December 2020, at which point he confirmed the studio would be working on an open-world action game for PS5. The company is based in Stockholm, Sweden. Now, in a statement posted on the company’s official website, Sandberg revealed that the layoffs were necessary following a review of its finances and “the present challenges of the video game industry”.
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I promised our employees and shareholders success and to build a studio redefining game development with a small, expert-driven team and a sustainable work model. While we achieved much of this, shifting market conditions prevented us from succeeding within our timeframe. As a result, we must part ways with talented individuals who have been instrumental in our journey. This is incredibly difficult, but we remain committed to our vision and will continue to work on our IP and first game with a dedicated team.
[Source – Liquid Swords]
