Confirmed: Free Radical lays off 140, 'For Sale' sign posted

It's now official: As of December 31, Free Radical will be 140 employees smaller, which is just over 75% of its workforce. The company and its remaining 40 or so members are now on sale with several companies showing "strong interest," according to the firm brought in to help with downsizing (who in our minds look a lot like the Bobs from Office Space). With the industry death toll rising, our hearts go out to all the developers (and everyone else, for that matter) who faced the tragic, proverbial / literal pink slip this year.

This article was originally published on Joystiq.