Sony has confirmed that it's shuttering Studio Liverpool, more famously known as Psygnosis, according to Engadget.
The publisher was founded in 1984 and is responsible for a legion of best-selling titles including Lemmings, Colony Wars, Destruction Derby, Wipeout and the Formula One games.
In a statement, the company said that after a review of its "commercially viable" projects, it's focusing on projects in other parts of the business – after slashing the studio's remit in a cost-cutting exercise in 2010.
"It has been decided that Liverpool Studio should be closed. Liverpool Studio has been an important part of SCE Worldwide Studios since the outset of PlayStation, and have contributed greatly to PlayStation over the years. Everyone connected with Liverpool Studio, past and present, can be very proud of their achievements,” Sony said.
The facility is also the location of the company's European Quality Assurance team, which will reportedly remain in operation.
Besides, Sony Mobile has announced that it will move its headquarters office to Tokyo in October, a move that will cut 1,000 jobs.
