Today Crytek, the developers of the Crysis series announced that they will be closing five of their international studios, including their development houses in Budapest, Sofia, Istanbul, Seoul, and Shanghai.

All of these will either be shut down or sold off, leaving the Kiev studio being the company’s only remaining studio.

Crytek said the following about it in their press release:

“Crytek will concentrate on development in its Frankfurt and Kiev studios and continue to develop and work on premium IPs.”

“All other development studios will not remain within Crytek and management has put plans into action to secure jobs and to ensure a smooth transition and stable future.”

Avni Yerli, Crytek’s co-founder and managing director also added the following:

“Undergoing such transitions is far from easy, and we’d like to sincerely thank each and every staff member–past and present–for their hard work and commitment to Crytek. These changes are part of the essential steps we are taking to ensure Crytek is a healthy and sustainable business moving forward that can continue to attract and nurture our industry’s top talent. The reasons for this have been communicated internally along the way. Our focus now lies entirely on the core strengths that have always defined Crytek–world-class developers, state-of-the-art technology, and innovative game development, and we believe that going through this challenging process will make us a more agile, viable, and attractive studio, primed for future success.”

It’s quite sad news for the company who have been having some financial troubles recently, despite making some fantastic games.

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