Volition Games, the studio best known for its work on the Saints Row series, has been closed down "effective immediately" as part of parent company Embracer Group's previously announced "restructuring" programme.
Volition, which celebrated its 30th anniversary earlier this year, announced the closure in a statement shared on social media, writing, "This past June, Embracer Group announced a restructuring programme to strengthen and maintain its position as a leader in the video game industry. As part of that programme, they evaluated strategic and operational goals and made the difficult decision to close Volition effective immediately."
The statement adds that Embracer is "working to provide job assistance and help smooth the transition for our Volition family members". The move is likely to effect around 340 people based on the studio's most recently shared employment figures.