Overview

• Sega announces the sale of Relic Entertainment and layoffs of 240 employees across its European studios.
• The layoffs and sale are part of Sega's response to the rapidly changing business environment, including the impact of COVID-19 and economic downturn.
• Relic Entertainment, known for Company of Heroes and Age of Empires, will become an independent studio with the help of an external investor.
• Affected employees will receive support including severance pay, career support, and access to guidance.
• The video game industry faces a challenging period with widespread layoffs, underscoring the volatility of the sector.