Dutch indie developer Paladin, which worked with Nintendo in 2020 on the Switch eShop title Good Job!, has announced that it has “closed the studio” after “nearly 19 years”.
In addition to Nintendo, the 45-person studio (which began life in 2005 and peaked at 55 at one stage) has worked with various other “incredible partners” such as Apple Arcade, Netflix and Bandai Namco on franchises such as Cut the rope, Tamagotchi and Katamari series.
In recent months, he has been struggling to “find enough work” and is now at a crossroads for his financial security.
“To proceed with the current outlook would be an irresponsible decision that would likely lead to insolvency. We have therefore taken this step to ensure an orderly exit, with all employees receiving appropriate severance pay and the studio being debt free.”
Although it’s closing up shop, technical support for existing titles will apparently continue in the future.
Earlier this week, several other smaller teams under the Private Division (owned by Take-Two Interactive) were reportedly shut down. This adds to an already incredibly difficult year for the industry, which has seen hundreds and thousands of job losses at major companies like Microsoft and Sony.
