The TimeSplitters franchise has been starved of content for a while. Unfortunately, what seemed to be a breath of fresh air is now at risk as its development studio is facing the risk of being shut down. This is because of the “restructuring program” that its parent company has been facing as of late, which has cannibalized several other studios while others have been reportedly put up for sale.
Free Radical Design is currently facing the danger of being closed down by its parent company Embracer Group as part of its “restructuring program.” The same program that has seen the closure of studios such as the developer of the Saints Row series Volition. This puts the possible new installment in the Timesplitters franchise in jeopardy as its developer faces closure.
A recent analysis of LinkedIn by VGC has noted that at least 15 people employed at Free Radical Design have begun searching for work. Additionally, people close to the company have also stated to the outlet that the studio has been notified that it could be closed. While there could be the possibility that the studio could remain open, the latest developments aren’t looking too bright.
Free Radical Design was re-established to revive TimeSplitters by original founders Steve Ellis and David Doak to bring the IP back. At the time, Ellis said: “To finally be able to confirm that the studio has been formed and that we have a plan for the next TimeSplitters game is incredible. While we cannot tell you anything more at the moment, we look forward to sharing information in the future.”
Unfortunately, the gaming industry has been suffering from massive layoffs over the course of the year 2023. Many companies both in the Triple A and the indie space have been laying off staff across the board. A website that tracks video game-related layoffs has noted that more than 6,000 games industry jobs have been eliminated across more than 100 studios. As such, it wouldn’t be too surprising to see Free Radical being next in the chopping block.