Rare next victim of economical recession

Microsoft recently announced plans to restructure the fabled Rare due to the current economical climate. But why restructure such a great development studio?

Well, Microsoft says:

“As the entire industry struggles to address the increasing scale and cost of development, we too have felt a need to restructure our current approach so we can speed development and better manage the scale required to create high quality games,” commented Mark Betteridge, studio manager.

It’s also noted that this could possible result in a few Rare employees to pack their bags even though the studio apparently has 4 unannounced titles in the works. This is really too bad, I remember falling in love with Rare ever since the Donkey Kong titles for SNES and the Banjo-Kazooie series for N64.
Read (GamesIndustry.Biz)