Developer Io Interactive has announced layoffs from the studio less than two weeks after publisher Square Enix dropped it and the Hitman franchise.

While there was no official word on how many people were let go, Io said in a Twitter post "We're sad that great talent and good friends will be leaving the studio. We are doing everything possible to look after everyone affected." Io said the layoffs were designed to "allow us to be better equipped for our future adventures."

Square Enix had parted ways with the developer after a decision to focus "on key franchises and studios," with Io and Hitman obviously not being considered "key." The publisher said it was trying to help Io secure financing, but nothing was set in stone. 

The popular Hitman franchise is now in limbo, although whether that franchise is part of Io's "future adventures" is unclear. Either way, the company's consolidation is an effort to remain afloat and viable until a new publisher or financing is found to move on with future projects.