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Sega has announced plans to sell Relic Entertainment and cut 240 jobs in Europe.
Based in Vancouver, Canada, Relic specializes in real-time strategy games such as the Company of Heroes, Age of Empires, and Homeworld series.
Sega announced that it will sell Relic to a new holding company established by British investment company Emona Capital LLP, but details have not been disclosed at the request of the transferee.
The majority of the 240 job cuts will be made at Creative Assembly and Sega Europe, with a smaller number also expected to be cut at Sega Hardlight, all three companies based in the UK.
In response to a review of the European studio’s mid-term lineup, Sega also stated that it had decided to “write down the work-in-progress of some titles in development.” As a result, he is expected to incur a loss of 5.6 billion yen in cost of goods sold.
“Sega is working closely with Relic on this transition and wishes them the best for the future,” Jurgen Post, newly appointed head of SEGA Europe, told Stuff (GamesIndustry via .biz).
“We sincerely apologize for the concern and understandable distress this news has caused, especially for those directly affected. The decision was made after careful consideration.
“Change is necessary to secure the future of our games business and position us to deliver the best possible experience for our players going forward.
“We need to streamline and focus on what we do best and best position ourselves for the future of roads. We need to respond to the challenges we face as we deploy.”
SEGA Europe laid off 121 Relic employees in May 2023. And last September, the company cut another 250 jobs following the cancellation of some projects at its European studios, including Creative Assembly’s Hyena.
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