Crytek has once again in a bit of financial trouble with word coming out that employees haven't been paid for months. And that dating all the way back to May this year, payments have been delayed by up to four weeks. The news echoes similar reports from a few years ago when the company was seen as being in a transitional phase. According to sources, word has it that Crytek is simply out of money and that a rescue plan and new deals are taking a lot longer than expected.
After the most recent financial woes for the development studio and maker of 3D engines, it sold off Homefront developer Crytek UK to Deep Silver. The late employee payments at the time were defended by the company as being one the only measures it could take to avoid insolvency.
In recent times the studio has shifted its focus to VR offerings like Robinson: The Journey and The Climb. But as with pretty much all VR games today, there's very little money to be made outside of content arrangements with hardware manufacturers.
The recent financial troubles have put its current development portfolio into doubt, in addition to its employees' futures. Now, late payments to employees without an official response from an employer can and should be taken with a grain of salt. So, we'll wait and see how this all pans out. But even so, its hard to ignore how hard this situation can be on employees and their families.
Sources: Eurogamer, Reddit, Polygon