Yet another game developer is closing its doors thank to the currently poor worldwide economic situation. According to this Babel Fish-translated news story, the Amsterdam-based game outsourcing company Streamline Studios has filed for bankruptcy. It has now closed its offices and laid off its remaining employees. Streamline helped out with the development of artwork and other assets for game titles like Unreal Tournament 3, Gears of War and many others.

In an interview with Gamesindustry.biz, the company's co-founder Hector Fernandez admits that Streamline, which had over 50 employees at the beginning of the year, was looking to weather the economic storm. However several long term contracts with game publishers "started falling by the wayside" in 2009 and one of their biggest clients shut down this year. All of that combined with the weakness in the US dollar made business too hard for the company to stay afloat.

However Fernandez seems like he believes Streamline will come back, saying that, " . . . all of its workings will continue to live on. We're basically taking a step back, reassessing the situation, and then essentially beginning our re-invention." Even Streamline's company web site, even though it's basically a placeholder design, is actually filled with holiday cheer as you can see above. As usual with these situation we hope Streamline's former employees land on their feet.