Gaming is still in the midst of a turbulent post-pandemic period.
Unfortunately, this unprecedented growth drove hiring sprees and risky investments from which the industry is still currently reeling.
Sundberg is best known for founding Avalanche Studios, the developer of the Just Cause series.
He departed the studio in 2019.
While we achieved much of this, shifting market conditions prevented us from succeeding within our timeframe.
As a result, we must part ways with talented individuals who have been instrumental in our journey.
One of Liquid Swords' shareholders is NetEase Games, developer of the hugely popular hero shooterMarvel Rivals.
NetEaseacquired a minority stakein Liquid Swords in 2022, investing an unspecified sum in the studio.
At the time, Liquid Swords expressed its desire to grow its team to 100 employees by 2023.
Unfortunately, the studio has now undergone downsizing.
Despite the success of Marvel Rivals, NetEase Gamesrecently announced layoffs of its own.
