Iron Galaxy Studios announced layoffs of 66 developers, describing this as a last resort for the studio's survival amidst a challenging gaming industry landscape. Despite their efforts to keep teams intact over the years, the studio, known for co-developing notable titles like Killer Instinct, faces a slow recovery. Founded in 2008 with over 200 employees, Iron Galaxy aims to continue supporting partner companies and delivering beloved gaming experiences, despite these difficult decisions.
"For several years now, we have watched our industry undergo significant change. So many of our friends and colleagues who work in game development have suffered a series of painful adjustments..."
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