Overview

• CEO Sebastian Wojciechowski said Project Gemini, intended for Square Enix, was halted after the publisher failed to submit a draft content rider or clarify its plans for further milestones
• An internal cash-flow review revealed insufficient funding for Project Bifrost, a planned virtual reality title, leading to its suspension
• The studio will undergo significant restructuring and staff reductions, although it has not disclosed how many roles will be cut
• This follows earlier setbacks including the April 2024 cancellation of Project Dagger and layoffs in January and December 2024 amid ongoing financial and partnership challenges
• People Can Fly remains on track with co-development of Gears of War: E-Day alongside The Coalition and is advancing an unannounced PlayStation IP project