Velan Studios Undergoes Restructuring, Anticipating Staff Reductions

Velan Studios has initiated a reorganisation process, confirming that job losses are probable due to a project cancellation by an external partner, which has hindered the studio's ability to sustain its current workforce of 121 employees. A social media statement revealed that 46 team members have been notified of potential layoffs within a 60-day period. The studio expressed its commitment to supporting affected employees and appreciation for the hard work and dedication of its entire staff. To mitigate the impact, Velan Studios will focus on its existing games, with some titles scheduled for release later this year, and pursue new partnerships. This development follows the shutdown of its live service game, Knockout City, in February, which was initially launched in May 2021 and published by EA before transitioning to a free-to-play model in 2022.