Update, 12/11/23:
Last month, VideoGamesChronicle reported that Free Radical Design, the team behind the TimeSplitters franchise, might be facing a complete shutdown. It seems that shutdown has happened, as the Free Radical Design website now leads to a 404 page. Plus, various employees have been posting about the studio, saying goodbye to it and more online.
It's been a great 2 and a quarter years at Free Radical Design, sad to see us go.
Onwards and upwards! pic.twitter.com/VEfJ29g42D
Gonna miss the folks at FRD
Read more on gameinformer.com