Gauthier 'Gautoz' Andres, co-founder of French videogame website Origami, has reported on Bluesky that "Mass layoffs are underway at Virtuos, the studio behind Oblivion Remastered and the upcoming Metal Gear Solid Δ."
Virtuos is a co-development studio that has contributed to everything from Dark Souls Remastered to Age of Mythology Retold, and is currently working with CD Projekt Red on the neverending cycle of Cyberpunk 2077 updates. It's got offices around the world and apparently enough staff that the 300 people Andres reports are at risk make up only "7% of the workforce". Still, it's got to be rough to be one of the people waiting to hear the bad news when you worked on Oblivion Remastered, one of the year's best-selling games.
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