SEGA sells Relic Entertainment, lays off 240 staff across European studios

SEGA has sold Relic Entertainment and will reduce headcount by approximately 240 roles at several of its European studios with the aim of optimizing fixed expenses, the company announced.

Relic Entertainment will become an independently-run studio and continue to support its titles, including Company of Heroes 3.

According to GamesIndustry.biz, most of the layoffs are across Creative Assembly and SEGA Europe, while a “small number” will be cut from HARDlight.

Here is the full message from Relic Entertainment on going independent:

We have an important announcement for our players and fans. With an external investor, Relic Entertainment will become an independently-run development studio. This is a huge change for us, but one thing does not change: we want to create amazing experiences for our players.

To our fans, we want to assure you we will continue to support our titles, including Company of Heroes 3—we are looking forward to the 1.6 Update in April, loaded with new content and features requested by our community.

We want to thank SEGA, whose support over the years and guidance during this transition have been instrumental to our success. We may be out of the SEGA business, but we remain friends and colleagues.

We are excited about this next chapter for Relic, and we hope you will all join us in creating new experiences for our fans worldwide.