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CCP Games Closes Two Studios Down and Halts VR Game Development

October 30, 2017Written by Elizabeth Henges

CCP Games shut down

While we were all watching new trailers at the Paris Games Show, CCP Games was preparing to do some restructuring of their company. This restructure has caused CCP to close down two of its studios, and also halted their VR game development. This is only a month after CCP’s title Sparc released on PSVR.

CEO Hilmar Veigar Pétursson released a statement about the closures with Kotaku, which cost around 100 employees their jobs:

Today we have made tough, but important, changes to CCP in response to how we see the gaming market evolving in the coming years. We have been front and center in the second wave of VR and our belief in the long-term transformative power of the technology remains strong.

Despite the success of the VR games we have released we will be shifting our focus to our PC and mobile initiatives, and will be centralizing those initiatives, along with the support of our existing VR games, to our offices in Reykjavík and London. We will continue to support our VR games but will not be making material VR investments until we see market conditions that justify further investments beyond what we have already made.

I am very proud of our VR games and, more importantly, of the people here who made them.

These changes in strategy come with some tough decisions relating to our overall structure as a company. CCP is in a strong position to make these changes, and we are taking great care to support our departing employees to the very best of our ability. We will be offering relocations to some to our London office where we will be building up our efforts in addition to our development activities in Reykjavík.

There’s a lot more to read about the closure at Kotaku.

What do you think of this restructure?

[Source: Kotaku]