Versus Evil, the indie game publisher behind Stoic Studio’s The Banner Saga and Obsidian Entertainment’s Pillars of Eternity, announced Friday it was shutting down after a decade in business. Versus Evil’s entire staff has been laid off just days before Christmas — and the day after Atari announced a $2 million investment in Versus Evil parent company tinyBuild.
“Today is a sad day,” Versus Evil said on its X account. “After 10 wonderful years, Versus Evil is shutting its doors. We’ve loved bringing you the best indie games we could find & sharing so many happy memories with you all, our amazing community! From the bottom of our hearts, THANK YOU for everything!”
That announcement was preceded by a post from Lance James, the now-former head of production at Versus Evil, who said, “Welp. That was a fun 10 year ride. The entire Versus Evil team has just been laid off.” Added James, “Let me be clear — this wasn’t a Versus Evil decision or choice.” James also reposted messages from former Versus Evil staffers who were now seeking work.
Thirteen employees are said to be affected by the closure of Versus Evil, according a post on LinkedIn by the company’s former director of product strategy, Francis Fincke.
The closure of Versus Evil comes weeks after tinyBuild announced lower-than-expected revenue and cost-cutting measures, including layoffs at the company. On its investor website, tinyBuild says it has more than 400 employees worldwide, 250 of which were added to its ranks in 2021, when tinyBuild acquired Versus Evil and its development subsidiary Red Cerberus.
In its announcement (PDF) from Dec. 5, tinyBuild pointed to the Versus Evil label as an under-performer, with three out of four games from the brand delayed from 2023
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