Things weren't looking great for APB
developer Realtime Worlds last week
, as the company underwent some layoffs
in the "Art, Audio, Coding, Design, Production, and QA departments." According to GamesIndustry
, things didn't improve over the weekend: Realtime Worlds is reportedly entering administration, a status somewhat similar to a U.S. company's decision to file for Chapter 11 bankruptcy.
The Scottish developer has named the Begbies Traynor Group as its administrator -- a third-party who attempts to rescue an insolvent company while still acting in the interests of its creditors. Much like with bankruptcy, this move isn't exactly a nail in the developer's coffin, but it could mean some radical reorganization is right around the corner.