Sega Europe Sells Relic Entertainment and Axes 240 Jobs
Sega Europe is selling off Relic Entertainment, the developer of Company of Heroes 3 and Age of Empires 4, while laying off 240 workers across several studios. The layoffs are attributed to optimizing fixed expenses and a decline in profitability due to the economic downturn and shifts in the gaming industry. Relic Entertainment will operate independently with the support of an external investor, and Sega Europe expects to incur around $10 million in losses from the business restructuring. Meanwhile, Sega of America workers have ratified their first collective bargaining agreement, securing base raises, layoff protections, improved crediting for game developers, and just cause protections.
- Sega Europe lays off 240 workers and sells off Relic Entertainment Polygon
- Sega sells Relic and will cut 240 jobs across UK studios GamesIndustry.biz
- Sega to Sell Relic Entertainment, Will Cut 240 Employees Across UK, Europe Variety
- 240 jobs gone and Relic sold off as Sega reckons with the hangover of 'the favorable winds of the early Covid-19 period' PC Gamer
- Sega sells off Relic Entertainment, will axe 240 jobs Game Developer
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