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Secret World Developer Funcom Closing Studios as Part of Restructuring Process

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Posted on January 11, 2013 AT 05:21am

The Secret World developer Funcom has announced that it is set to restructure the company, leading to studio closures and layoffs.

“Funcom has initiated a process of restructuring the company around its core products and technology,” the developer said on its website. “The restructuring of the company will involve cost reductions through the closure and the consolidation of offices with the goal of creating a stronger unified organization that can take full advantage of the exciting opportunities that face the games industry as it steps into 2013 and beyond.”

Funcom promised to focus strongly on support for Age of Conan, Anarchy Online, and The Secret World. Dubbing the latter’s recent buy-to-play switch as a huge success.

“We are building the basis of a very sustainable business” said Funcom CEO Ole Schreiner. “With a restructured organization, we will have a joint team of the best-of-the-best working together to expand our existing online worlds and to create new, exciting and memorable online experiences.”

Matthew Bennett, Associate Editor
Matthew Bennett has only been covering the gaming world for a short while, but he’s eager to make his mark. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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