UPDATE: Parent company Saber says studio has not been closed down.
UPDATE:Saber Interactive has confirmed to Eurogamer that New World Interactive has not been closed down.
The original story continues below.
New World wasacquired by Embracerin 2020 through its subsidiary Saber Interactive.
It continued: “This reorganisation has resulted in layoffs at the studio.”
It remains unconfirmed how many staff will be laid off and which departments will be affected.
Eurogamer has contacted Saber directly for further clarification on the status of New World Interactive.
Affected employees are also to receive severance packages, it added.
This included layoffs atTomb Raider developer Crystal DynamicsandMythforce developer Beamdog.
A new report from earlier this month statedTimesplittersdeveloper Free Radical is atrisk of closurefollowing an evaluation by Embracer.
Layoffs continue throughout the industry too, as earlier todayEA confirmed layoffsat F1 developer Codemasters.
