People Can Fly will not be working on Project Gemini & Project Bifrost. Additionally, they would be scaling down teams. The announcement was made on their X account, where they put out the following message:
Today we made a very difficult decision to suspend the development of Project Gemini and Project Bifrost – the relevant current reports have been released to the market.
The suspension of the Gemini project is a consequence of the fact that the Publisher has not presented us with a draft of the subsequent content rider to the Publishing Agreement covering the terms and conditions of further milestones on Project Gemini and the lack of communication from the Publisher as to its willingness to continue or terminate the Gemini project.
Project Bifrost was suspended due to the above and the analysis of the Group’s cash flow, which showed a lack of prospects for securing organisational resources and funds necessary to continue the production and release of this project.
As a result, we have to significantly regroup as a studio and scale down our teams, which hurts the most.
We wish to express our deepest regret and sadness over how these events have unfolded and our sincere gratitude for everyone’s contribution up to this point.
This was signed off by their CEO, Sebastian Wojciechowski; the company had previously laid off 120 employees in Dec last year. Among ongoing projects that the studio is confirmed to be working on, we have Gears of War: E-Day with Xbox, Project Echo with Krafton and Project Delta with Sony.
