Updated Mar 23, 2026 by 11 bit studios
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.
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.
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.
The cancellation of the project has triggered workforce reductions within the Projekt 8 team.
The layoffs associated with the project closure are not subject to the 2023 Act on Special Rules for Terminating Employment Contracts.
The decision represents a strategic pivot by the board to prioritize fiscal discipline and reallocate resources toward projects that meet profitability targets.
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.
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.
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.
The cancellation of the project has triggered workforce reductions within the Projekt 8 team.
The layoffs associated with the project closure are not subject to the 2023 Act on Special Rules for Terminating Employment Contracts.
The decision represents a strategic pivot by the board to prioritize fiscal discipline and reallocate resources toward projects that meet profitability targets.