Capcom Vancouver announces it’s suspending operations, shutting down studio
Sad news for local gamers — Capcom Game Studio Vancouver announced on Tuesday that it’s suspending operations, closing its doors and laying off its 158 employees.
A Capcom spokesperson said it appreciates the hard work and contributions of all the staff in creating “unforgettable gameplay experiences for the Dead Rising series and Puzzle Fighter.”
It adds those employees will be receiving severance packages.
In a statement, Capcom Vancouver said it expects to record losses from the termination of development projects in its consolidated financial results for the six months of the fiscal year ending March 31, 2019.
We’re sad to announce that effective today, Capcom Vancouver has suspended operations. We want to express our deepest thanks to our team and our fans for all your support.
— Capcom Vancouver (@CapcomVancouver) September 18, 2018
It expects to lose approximately 4.5-billion yen under the cost of sales in the next six months — that’s about C$52 million.
Capcom said it has been focused on increasing the efficiency and growth of its game development operations and to support its objective, new R&D facilities and annual hiring have been underway at the Osaka headquarters.
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Unfortunately Capcom Vancouver shuttered today. I’m in a bit of a shock, but if you know of anyone looking for an 18 year experienced game designer send them my way. Spread the word!
— Aidan Scanlan (@aidanscanlan) September 18, 2018
It said Capcom has decided to cancel the development projects at the Vancouver studio and will concentrate development of major titles in Japan.
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