Australian developer Fuzzyeyes confirmed the rumors floating around the continent when they announced not only the layoff of most of its staff, but the selling of some of its shares as well. While minimizing to a great degree, CEO Wei-Yao Lu said that the studio will remain open for business. Most notable recently for the still-in-development “steampunk fantasy” hack-and-slasher Edge of Twilight, there has been no word how the company’s downsizing will effect its currently unfinished projects.
“…Fuzzyeyes has let go the majority of staffs as Fuzzyeyes was confronted with number of challenges, including economic downturn and some legal complications. In order to reduce the operating cost during this problematic time, Fuzzyeyes came to a difficult and unfortunate decision to reduce the number of staffs to a minimum.
“…Fuzzyeyes has struck a deal to sell portion of shares to a third party company. During this transition period, Fuzzyeyes will temporarily seize further development on any project. However, Fuzzyeyes is still in business and the office is still open. Until the transition is fully settled, Fuzzyeyes will suspend all on-site development, but all out sourced development is still on going. Fuzzyeyes will be back in full operation after the settlement, and a number of Fuzzyeyes ex-employees has been offered a position in early 2010. Further details will be released once the transition has fully completed.”
Sad to see another company downsize? Getting tired of these types of news stories? Is “Fuzzyeyes” officially the greatest name for a company EVER?!? Let us know in the comments section below!