Velan Studios has announced that it is in the early stages of reorganisation, and has confirmed that layoffs will most likely occur as a result.
In a statement posted on social media, the New York-based studio said a project had been cancelled by an external developer, resulting in it not being able to maintain its current studio size of 121 people.
“46 team members were given notice that they might be impacted by a layoff in 60 days,” it wrote. “For those employees who may ultimately be affected, we will do our best to support them through this difficult process. We are grateful to all our employees for their hard work, creativity, and dedication.”
