Confirmed: Free Radical lets over 100 employees go

Well, it would appear all of our excitement over a fourth TimeSplitters game is for nothing, as the rumored layoffs at Free Radical are in fact true. The company has let go of 75% of its workforce, which equals 140 employees. The company, with its remaining 40 people, are up for sale, with several companies showing a "strong interest."

We hope that what's left of Free Radical manages to land somewhere decent, because we've been fans of their work for some time now.

[Via Joystiq]