Updated Mar 17, 2026 by 11 bit studios
11 bit studios S.A. officially terminated the development of 'Project 8' on December 17, 2024, due to insufficient projected return on investment.
The company will record a write-down on the project's 48.43 million PLN book value (as of September 30, 2024), which will negatively impact 2024 fiscal year financial results.
The cancellation necessitates a reduction in the Warsaw-based development team, though the scale of layoffs does not trigger Polish legal thresholds for collective dismissal.
The final impairment charge remains subject to a comprehensive review of assets generated during the project's development cycle.
This strategic move reflects a shift in resource allocation away from underperforming intellectual properties to protect the company's long-term fiscal health.
The decision highlights the increasing pressure on mid-to-large scale developers to maintain high profitability standards in a competitive market.
11 bit studios S.A. officially terminated the development of 'Project 8' on December 17, 2024, due to insufficient projected return on investment.
The company will record a write-down on the project's 48.43 million PLN book value (as of September 30, 2024), which will negatively impact 2024 fiscal year financial results.
The cancellation necessitates a reduction in the Warsaw-based development team, though the scale of layoffs does not trigger Polish legal thresholds for collective dismissal.
The final impairment charge remains subject to a comprehensive review of assets generated during the project's development cycle.
This strategic move reflects a shift in resource allocation away from underperforming intellectual properties to protect the company's long-term fiscal health.
The decision highlights the increasing pressure on mid-to-large scale developers to maintain high profitability standards in a competitive market.