Napalm Riot

Straight from Gamespot.com:

If September's sales numbers are any indication, the gaming industry on the whole is weathering the current global economic crisis well enough. However, not everyone within the industry is feasting at the table. Swedish developer Avalanche Studios confirmed today that it will be laying off 77 of the approximately 160 employees at its office in Stockholm, as reported by Game Reactor.

According to the report, Avalanche had two contracts valued at $34 million for unannounced games go bust this year, which necessitated the staff reductions. Game Reactor notes that one of the projects was canceled due to its publisher shifting focus to the more family-friendly market, a move not uncommon for cash-tight game makers such as Majesco. The other project reportedly fell on a rough patch when its publisher ran out of money.


(Continuation Source: http://www.gamespot.com/news/6200164.html)