Update: Following on its LinkedIn note yesterday, Volition has now shared an additional message on Twitter.
The heartfelt message acknowledges the studio's remarkable time in the industry, and thanks the fans for always being there — even when they haven't loved what the company has worked on.
Original article: The games industry has taken another hit today with Volition announcing it's shutting down, effective immediately.
In an official update via LinkedIn, the US developer - with 30 years of experience - said this closure was part of Embracer Group's "restructuring program". And in order to "maintain its position as a leader in the industry", Embracer had to make this "difficult decision".
"As part of that program, they evaluated strategic and operational goals and made the difficult decision to close Volition effective immediately."
As part of this, Embracer Group is providing support to the team at Volition with job assistance and by helping them smoothly transition. In the final sentence of its update, Volition thanked customers and fans for their support over the past 30 years.
Although Volition's latest Saints Row Reboot never made it to Switch, some of its older titles in the same series did. This includes Saints Row: The Third and Saints Row IV, and there was a remaster of its older game Red Faction: Guerrilla. Volition started out in 1993 as Parallax Software and in its earlier years was known for the first-person spaceship shooter Descent.