IO Interactive closes Istanbul studio, lays off employees

TITLE: IO Interactive closes Istanbul studio, lays off employees

Big move in AI today. After Xbox Pulls Funding, Hitman Dev Is Closing A Studio — and it could change how you think about this space. Here is what happened and why it matters.

So here is the first thing — After Xbox Pulls Funding, Hitman Dev Is Closing A Studio And Laying People Off. Hitman and 007: First Light developer IO Interactive has confirmed that it is closing its Istanbul office, laying off staff in the process as part of cuts that the studio said were "necessary" to help the company stay afloat in the future. IO said it made these cuts after Xbox dropped out of funding Project Fantasy , the company's mysterious upcoming RPG.

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- Source 1: After Xbox Pulls Funding, Hitman Dev Is Closing A Studio And Laying People Off