CD Projekt Red Lays Off 100 Employees, Around 9% of Studio Staff

CD Projekt Red announced layoffs affecting around 100 employees, approximately 9% of the company's total headcount.
The company cited being overstaffed and lacking future project opportunities for the affected employees over the next year.
The layoffs come despite CD Projekt publicly announcing plans for a new Witcher trilogy, Cyberpunk 2077 sequel, and a third IP codenamed Hadar.
CD Projekt is reshaping development processes, incorporating Agile methodologies, and refining teams as part of the changes.
The redundancies will take place over time, with some employees losing jobs in early 2023.