
One day after rumors hit the interwebs about mass layoffs at
Red 5 Studios, the MMO game developer has now issued an official press release confirming that the company has undergone a "restructuring". The press release states, " . . . some team members chose to part ways while others were let go" but specific numbers were not revealed in the press release.
Red 5 Studios, formed several years ago by former
World of Warcraft team leaders from
Blizzard, has been working in near secrecy on their debut MMO project. The company did license the Offset Engine from
Offset Software several years ago (ironically Offset Software has also been working in near secrecy on their own game) but it's currently not known if the engine is still being used. Unconfirmed rumors on certain web sites said the developer's first project, a FPS MMO, is now on hold while the remaining team members are now working on a game for the Chinese market. However, Red 5's own press release today said the company " remains committed to releasing a AAA quality, online title targeted for a worldwide release."
Check out an update we received from the company's PR rep after the jump