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Report: Monumental lays off staff, goes into administration
Despite drastic efforts to trim operations and turn its business around, ailing UK-based developer Monumental Games has reportedly laid off its remaining employees and entered administration. The company has struggled in the past two years, seeing unannounced projects cancelled, cutting staff as it restructured, and closing its Manchester branch after a grant fell through. The developer hoped to regain momentum by bringing in former Codemasters CEO Nick Wheelright as its new boss in January 2011. …
