- 01
11 bit studios S.A. officially terminated its internal game development venture, 'Projekt 8,' on 17 December 2024 due to insufficient return on investment prospects.
- 02
The project carried a book value of PLN 48,432,077.90 as of 30 September 2024, which will now be subject to a write-down of unfinished development work.
- 03
The write-down of Projekt 8 assets will negatively impact the company’s financial results for the 2024 fiscal year, with the final amount pending a comprehensive asset review.
- 04
The cancellation of the project has triggered workforce reductions within the Projekt 8 team.
- 05
The layoffs associated with the project closure are not subject to the 2023 Act on Special Rules for Terminating Employment Contracts.
- 06
The decision represents a strategic pivot by the board to prioritize fiscal discipline and reallocate resources toward projects that meet profitability targets.