Services giant Testronic has closed its Madrid and Belgrade studios as part of a company-wide restructure. 

The firm announced this news in a press release, with Game Developer reporting that 4.8 per cent of the company's total workforce is being laid off. This news comes as Testronic secures "significant new investment".

The firm also says it is retiring The Catalis Group brand as well; this was the parent company for Testronic and Curve Games, but the latter was acquired by Indian giant Nazara Technologies in May. 

“This is a pivotal moment for our company," CEO and executive chair Sharon Baylay-Bell said. 

"Making changes that affect people is never easy, but these decisions are about strengthening our business for the future. We are in a very strong financial position, and this refocus allows us to invest more deeply in our Centres of Excellence in the US, Europe and South East Asia. We are recruiting across all three regions, and remain committed to innovation and state-of-the-art technology.
 
“We can now focus on delivering the services at which we excel – QA Testing and Localization via Testronic, and award-winning 3D and VFX Art via Secret 6. The sale of Curve Games has allowed us to do just that. It has also enabled us to streamline the business to eliminate what had been something of a complicated corporate structure.
 
“This is a significant stage in our company’s journey. By leveraging our core capabilities and driving innovation, we are well-positioned to create stronger, deeper client partnerships that are player-focused, client-first and outcomes-led.”