160 jobs reportedly axed at GRIN, Bionic Commando and Wanted devs

Various sources around the Internet, including members of the CGTalk forum, are reporting that GRIN, the developers of Bionic Commando Rearmed, Wanted: Weapons of Fate, Bionic Commando and Terminator Salvation, have seen 160 staff let go from the company.

The developer is currently working out of three studios – two in Sweden based in Stockholm and Gothenburg, and one in Barcelona, Spain. It is as yet unknown what studios this cut will affect.

Initial reports suggest that the job cuts were due to poor sales of their new licensed properties (Terminator Salvation and Wanted: Weapons of Fate), although there is likely to be other factors as well – especially with the current economic climate.