South Korean developer NCSoft has cut an unspecified number of jobs, with unannounced projects and support functions being cancelled or otherwise reduced due to its "deteriorating" financial situation. The company, which just released the MMO Throne and Liberty on PS5, struck a deal with Sony a couple of years ago to create another set in Guerrilla's Horizon universe, seemingly just for mobile.
The news comes by way of Korean-language outlet Yanhap, translated by Game Developer (thanks VGC). Co-CEOs Taek-Jin Kim and Byung-Moo Park said the company was "at risk of falling into a chronic deficit, seriously damaging the creativity and challenging spirit that NC originally had".
It remains to be seen which teams will be impacted, but this will likely mean another setback for Sony's mobile initiative. In November last year, then-SIE boss Jim Ryan said of the partnership with NCSoft: "Partnering with NCSoft advances our strategy to expand beyond console and broaden PlayStation’s reach to a wider audience."