Velan Studios announced the likelihood of layoffs in a statement from the company’s founders, Guha and Karthik Bala, who said that 46 people out of the team’s current total of 121 had been given notice their positions may be impacted.
A third of staff are at risk of losing their jobs at Velan Studios, the company behind Mario Kart Live: Home Circuit and shutdown dodgeball game Knockout City.
“This is a rough environment for a lot of indie studios, and like them, we are faced with some very hard choices,” the statement said.
The company will now reorganise its staff to refocus around several current, unannounced projects set to launch later in 2024, while hunting for new partnerships to minimise the impact of layoffs.