Sega Sells Relic Entertainment, Announces 240 Layoffs Across European Studios

The sale of Relic Entertainment and layoffs are part of Sega's structural reforms in response to the changing business environment.

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.