"developing more new IP" since a £6m investment in 2010.
They still house 130 employees and are recruiting in new areas, with a "major initiative involving China" to be announced. Reportedly they're helping Ubisoft Reflections.
Staff are 'on loan' to the Newcastle-based dev to help Ubisoft with The Division, it is said. Internal mumblings all reveal Auto Club Revolution isn't doing as well as they'd hoped.
"We're now developing more new IP and entering new and emerging markets. All of this requires a restructure of how we focus our efforts internally, and sadly, last week, 12 people left us as part of that restructure. We continue to employ 130 people and recruit for these new areas that we are working in," stated Jobling.
"This week we're launching three titles and over the next week or so we'll be announcing a major initiative involving China."
"The changes that we are making to our business are adjustments we think the majority of developers are going to have to make over the coming years to reflect the changes in markets and playing patterns. As a result, Eutechnyx is in a stronger position to focus on growth within the new and emerging markets that we have identified."
There are reports of uncertainty over the NASCAR series also within Eutechnyx and whether there'll be an effort made to take it to Xbox One or PS4. The latest in the racing series launched last week for PC and console. It's a very American-ised sport and doesn't carry the global appeal of Formula One.
Eutechnyx is also handling a Warhammer 40k project called 'Storm of Vengeance' - a tower defence game.
Eutechnyx layoff 12 employees, "developing more new IP" with 'major China iniative'
19 February 2014 | By Simon Priest