People Can Fly has had a rough six month, scaling back self-publishing and development in late 2024 resulting in layoffs, followed by the decision in March 2025 to no longer develop/publish VR titles.

Now People Can Fly had two cancel two further in-development titles which will result in "significantly regroup as a studio and scale down our teams," aka layoffs.

PEOPLE CAN FLY

IMPORTANT UPDATE

Today we made a very difficult decision to suspend the development of project Gemini and project Bifrost – the relevant current reports have been released to the market.

The suspension of the Gemini project is a consequence of the fact that the Publisher has not presented us with a draft of the subsequent content rider to the Publishing Agreement covering the terms and conditions of further milestones on project Gemini and the lack of communication from the Publisher as to its willingness to continue or terminate the Gemini project.

Project Bifrost was suspended due to the above and the analysis of the Group’s cash flow, which showed a lack of prospects for securing organizational resources and funds necessary to continue the production and release of this project.

As a result, we have to significantly regroup as a studio and scale down our teams, which hurts the most.

We wish to express our deepest regret and sadness over how these events have unfolded and our sincere gratitude for everyone’s contribution up to this point.

Sebastian Wojciechowski CEO