Free Radical Design reportedly facing closure as Embracer cost-cutting continues

Update (Dec. 11, 2023): It appears that Free Radical Design has been fully closed down now. Developers have been posting goodbye messages all day on social media and an error message that is depicted upon navigating to the official website of the studio is saying "404 Company Not Found :-(" now. This confirms earlier reports about the studio's imminent closure, which is part of the large-scale job cuts and studio closures conducted in Embracer Group's ongoing restructuring program. Original (Nov. 8, 2023): It looks like Free Radical Design, a studio that was re-established two years ago, is the next developer under the umbrella of Embracer Group facing closure, according to VGC. Based in Nottingham, UK, the studio was supposed to revive the old TimeSplitters series, but may now close down before getting a release out of the door. Consultations with the employees, which are required by UK law to last at least 30 days before actively making redundancies, are apparently already underway and things appear to be