Free Radical Design, the British game development studio best known for its work on the TimeSplitters and Crysis series, is reportedly at threat of being shut down, according to VGC sources. This comes just two years after it was reformed under parent company Deep Silver.

The studio is a subsidiary of Deep Silver, a division of Plaion, which is in turn owned by Embracer Group. According to VGC’s report, employees have been notified that there’s a chance that the studio could be closed after it was evaluated as part of Embracer’s recent restructuring program. TRG has reached out to Plaion for comment but has not yet received a response.

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