The games industry cut an estimated 5900 jobs in January alone

“[On January 31st], Devolver and studio Artificer made the tough decision to reduce the Artificer workforce by 28 employees, 18 effective immediately and 10 after their current project releases,” Devolvertold Kotaku.

“Over the past year, both companies have worked together to navigate the studio’s difficulties to ensure Artificer remains open and that their hard work is realised with the launch of their next game. Layoffs are not easy, and the remaining team at Artificer and Devolver Digital are committed to supporting these talented and creative professionals find new roles throughout the industry.”

Kotaku’s understanding is that’s about half the studio going.

In other Devolver news, CEO Douglas Morinstepped down yesterday, to be replaced by co-founder and onetime CEO Harry Miller.