The TimeSplitters revival may be in limbo as its developer faces potential closure

The Embracer Group has been on an intense cost-cutting drive as part of a major restructuring over the last six months, as it has canceled games, laid off workers and shut down studios. The company confirmed that in the three months to September 30, it reduced its headcount by around 900 people, some five percent of the workforce. The cuts didn't end there, as it emerged on Tuesday that Embracer laid off around 50 workers from Chorus developer Fishlabs. Free Radical Design, which was reformed a ...