It’s safe to say that Crytek has been in a spot of bother throughout the last couple of weeks. We’ve had reports of UK-based staff members not being paid, developers walking out, and their Shanghai offices also taking strain. Throughout all of this, however, there’s been a wall of silence from Crytek itself. As with most things in the gaming industry, where there’s smoke there’s fire, and in the case of Crytek, there was most definitely fire.
The company has finally broken its silence and has provided a statement on the financial and staffing issues that have been experienced of late. Crytek has indeed been sourcing additional funds to aid them as they transition from “a development studio to an Online-Publisher”. That funding has been secured, but during the interim, many of the staff members throughout Crytek’s global company have been the ones who have suffered the most.
The good news is that sources in the UK-based Crytek studios (the studio currently developing Homefront: The Revolution and the studio that experienced walk-outs) have reported that staff members are being paid what’s owed to them. It’s uncertain whether or not those who left plan on returning. Hopefully it means that development can continue unhindered.
Crytek’s official statement is below; it doesn’t explain all that much but it does acknowledge the financial troubles and the poor information flow from top-brass down to employees.
In recent weeks, there have been repeated reports and rumors relating to financial problems at Crytek. Having already given an update to staff across all our studios, we are now in a position to share more details with members of the press and public.
Internally, we have acknowledged that the flow of information to employees has not been as good as it should have, however we hope you understand that communicating details of our plans publicly has not always been possible.
Like the games industry as a whole, Crytek has been in a transitional phase. Our evolution from a development studio to an Online-Publisher has required us to refocus our strategies. These challenges go along with an increased demand for capital which we have secured.
We can now concentrate on the long term strategic direction of Crytek and our core competencies. We kindly ask for your understanding, that we won’t be communicating further details about our developments and progress.
Ultimately, with our organization, capitalization, portfolio and technologies we have now laid the foundations for securing Crytek’s future – not just in the short term, but also long term.
Through this period of speculation, we are thankful for the support and encouragement we’ve received from our community and our partners, and for the contribution all of our staff have made. We remain committed to doing what we are best known for and trying to develop the best interactive experiences and technology possible for everyone who loves gaming.
We are confident that we will be able to share more positive news on Crytek’s progress soon.
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