View source for News/505 Games Shuts Down Studios Across Europe

{{News
|seo_title=505 Games Shuts Down Studios Across Europe
|seo_keywords=505 Games
|image=Gaming.png
|tags=505 Games, Embracer Group
|date=2024-03-01T08:57:59Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/505-games-shutter-offices-in-france-germany-and-spain
|article=News/505 Games Shuts Down Studios Across Europe
}}
|author=Andura
|content=[[Companies/505 Games|505 Games]], as part of its ongoing restructuring efforts, has revealed intentions to close down its offices located in France, Germany, and Spain. This strategic move comes following Digital Bros, the parent company of 505 Games, announcing in November its decision to reduce its workforce by 30%, which encompassed staff members at 505 Games as well. The shutting down of offices in various European countries will affect 10 employees according to reports. [[News/Remedy to Acquire Control Rights|505 Games recently sold the rights of Control to Remedy for $17m.]]
}}