Crytek On the Verge of Bankruptcy, Staff Not Being Paid on Time, Ryse 2 Canned, Sources Claim
Written Tuesday, June 24, 2014 By Richard WalkerView author's profile
It seems that all is not well at Crysis and Ryse: Son of Rome developer Crytek, as according to sources, the company is reportedly on the verge of bankruptcy and is experiencing trouble in paying its staff on time. Sources from within the firm claim that Crytek has been losing staff since March and that multiple projects have been cancelled, including original prototypes and a sequel to Xbox One exclusive, Ryse.
Crytek representatives deny that the 800-person company is facing financial troubles, but mounting evidence runs counter to that denial. Employees report that the atmosphere is one of tension and instability, with a lack of communication and numerous high-level departures. One staffer reckons that around 100 employees have left Crytek in the last three months.
"Trying to confine the problem rather than tackling it is not the way to go about this anymore; it's too big now," one Crytek employee remarked. "Honest communication, inclusion, and a work environment based on trust could have gone a long way, and may have stopped people from leaving."
All of this alleged unrest at Crytek casts doubt over the fate of the company's current slate of games, which include Homefront: The Revolution, colourful MOBA Arena of Fate and Crytek USA's Hunt: Horrors of the Gilded Age. And indeed whether Ryse 2 will now see the light of day seems to be a moot point, as it's apparently been dropped completely. It's thought that the firm's shift to focusing on free-to-play could be partly to blame for Crytek's purported financial difficulties.
"Instead of focusing on the core strengths of the company, which would be the [Crytek] engine and innovative PC titles, we simply jumped at every next big thing in the industry," a Crytek employee noted. "Except that each time we did, it was a little too late and we were running after our competitors. There's no sense of identity at this point and I think that frustrates both employees and fans."
We'll have more on Crytek's current situation, should more information on the matter emerge.
[Via Kotaku UK]