Virtuos Studios Closes Calypte After One Year of Operation

Virtuos Studios has ceased operations at Calypte, a co-development studio it launched just a year ago. The news emerged as Calypte staff members shared updates on LinkedIn indicating that the studio had closed its doors. A Virtuos representative explained that the closure was a strategic decision based on Calypte's business performance, stating that adapting to the ever-changing business landscape sometimes requires tough choices. The representative emphasized that this decision was an isolated one and will not affect the company's other studio locations. This development comes on the heels of Virtuos opening a new studio in Tokyo and launching Virtuos Labs in Warsaw and Prague. The shutdown of Calypte contributes to the significant number of job losses and studio closures the gaming industry has experienced in 2023, with estimated job losses exceeding 6,000, although the actual figure may be higher due to some companies not disclosing the full extent of their cuts.