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30 staff axed at Red 5 Studios - report

MMO developer established by former Blizzard staff suffers lay-offs

Around 30 staff have been laid off at Red 5 Studios, the development team formed in 2005 by former Blizzard staff.

That's according to a report by Gamasutra, although nothing official has been announced by the studio. Red 5 is thought to employ in the region of 100 members of staff.

In late 2006 the company secured $18.5 million in investment from Benchmark Capital, used for the creation of a new massively multiplayer online game, to be published by Korean partner Webzen.

The company has offices in California and Shanghai. GamesIndustry.biz has contacted Red 5 Studios for clarification.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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