New Delhi, September 14: Annapurna Interactive's entire video game team has reportedly resigned following a failed agreement on a spin-off of the video game division into an independent company. According to reports, the resignation came after Annapurna Interactive president Nathan Gary and founder Megan Ellison were unable to agree on the spin-off plan. Annapurna Interactive, known for publishing popular video games, now faces an uncertain future after losing its team members.

As per a report of Bloomberg, Annapurna Interactive's entire team resigned after a disagreement between its president, Nathan Gary, and founder, Megan Ellison. The resignation has left partners scrambling as the video game division gained a reputation for publishing unique titles but now finds itself without a team. Gary had been negotiating with Oracle founder Larry Ellison's daughter, Megan Ellison to spin off Annapurna Interactive as an independent entity, but Ellison pulled out of negotiations, leading to Gary's departure. PwC Layoffs in US: UK-Based Fintech Consulting Firm Lays Off 1,800 Employees Amid Restructuring, First Major Job Cuts Since 2009.

“All 25 members of the Annapurna Interactive team collectively resigned," Gary and the group reportedly mentioned in a joint statement. To replace the team that is leaving, Annapurna Interactive plans to hire new staff, as per a report of Times of India. Megan Ellison highlighted the company's dedication to supporting its current lineup of games and growing its influence in the interactive industry. Annapurna Interactive is a well-known game company that is recognised for publishing popular games such as Stray, Gorogoa, Outer Wilds, Neon White, What Remains of Edith Finch, and more. Dell Layoffs Will Continue and Affect More Employees in Workforce As Tech Giant Struggles To Control Costs Amid Slow Demand for PCs.

According to reports, Annapurna Interactive, which is a part of Annapurna Pictures, has gained a reputation for publishing a collection of unique games. In recent times, the company has achieved success and awards for games like Stray, Cocoon, Neon White, The Artful Escape, Sayonara Wild Hearts, and more. In this year, Annapurna Interactive released two games called Lorelei and the Laser Eyes and Open Roads.

(The above story first appeared on LatestLY on Sep 14, 2024 11:29 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).