News

Red 5 Studios, a developer founded by former Blizzard employees to develop a yet-to-be announced MMOG, has been hit by massive layoffs according to a report over at Kotaku. The anonymous source speaking to Kotaku has informed them that Red 5 is down to just 30 employees following the layoffs, down from 65. The developer is reported to have been near closure, but has been rescued by the purchase of an unnamed buyer.

Not much has been revealed about Red 5's elusive title, but we do know that the game was to be an futuristic MMOFPS based on Offset Software's impressive game engine. That project is being reported as "on hold" in the wake of the layoffs and buyout. In the meantime, Red 5 Studios will be working on a project that is being aimed at the Chinese market, according to the Kotaku report.

Read the full report over at Kotaku.