No, it's not Gearbox Software. TimeGate Studios, based out of Houston, Texas, has been hit with layoffs. TimeGate was one of the development studios that worked on Aliens: Colonial Marines.
The specifics on the layoffs have not yet been revealed. Some sources say that upwards of 25 employees were laid off and are connected to a specific publishing deal falling through for them.
(via Polygon)
"Today, we had to make the difficult decision to let go of some great game developers. This is never easy, and we're doing all we can to assist those developers affected," TimeGate president Adel Chaveleh told Polygon. "TimeGate is preparing, as is the entire industry, for the transition to next-generation consoles and new business models. As part of this reinvention, all projects and strategic initiatives continue to move forward at the studio."
The specifics on the layoffs have not yet been revealed. Some sources say that upwards of 25 employees were laid off and are connected to a specific publishing deal falling through for them.
(via Polygon)