Free Radical Layoffs Made Official

Though we first heard about Free Radical's financial troubles last week, there weren't many concrete facts out there to go along with it. But an official statement has been issued, and 1UP is reporting that 140 people--around 75 percent of the company's employees--will be let go at the end of this year.

Emma Boyes has a quote from the company handling Free Radical's financial affairs:

Speaking to 1UP, Cameron Gunn of administrators ReSolve Partners said, "We made around 140 employees redundant yesterday, effective 31 December (the date up to which they had been paid). We're still trading on with the remaining 40 or so employees, have advertised the business for sale and have received some strong interest."