Florida-based publisher Brash Entertainment has made 20 of its employees redundant as the company continues to struggle with investment.  

Speaking to Edge, an official Brash spokesperson confirmed the news: “citing the current tough economic landscape, Brash Entertainment has confirmed the company has instituted a strategic cost reduction plan that will see the elimination of over 20 positions across multiple departments.”   

The publisher, whose output is focused on movie licences, was reported to have ceased paying some of its development team over the past few months. The company has significantly cut back on production and is in talks with several studios about selling on its movie licences. 

The layoffs follow a tumultuous year for Brash, which saw the departure of president Nicholas Longano in May, and subsequently two high-profile walkouts from the chief creative officer Larry Shapiro and co-founder Thomas Tull. 

Brash had raised over $400m last year from private equity firms, yet reports indicate that this funding has been restricted in part due to the ongoing economic crisis.