Crytek's Shanghai studio closed down after Crytek being kicked by its landlord for not paying rent. It's reported its employees have not been paid for 7 months as well.
This is the 6th Crytek studio shutting down.
The company was reported to have 600 employees last year, now with studios shutting down as they aren't managing to pay their employees, it's unknown how much have they lost by now and if the company will be able to turn this downhill around.
Read here: http://www.tweaktown.com/news/57202/report-crytek-shanghai-studio-closes-due-unpaid-rent/index.html