On February 16, 2026, news broke that Atomic Arcade, a studio owned by Hasbro and Wizards of the Coast, might be shutting down. A former programmer, Dominic Braun, shared on LinkedIn that he was laid off after the decision to close the studio was made.
As of now, there’s been no official confirmation about the studio’s closure or the status of their Snake Eyes game. We reached out to Hasbro and are waiting for a response.
This Snake Eyes game was first announced in 2022. Atomic Arcade was created specifically to work on it. They had been looking to expand their team over the years, even teasing some updates, including a sneak peek at a character model in May 2025.
This shutdown reflects a troubling trend in the gaming industry. 2026 has already seen major layoffs at other companies like Ubisoft and Meta, which have also shut down studios. Riot Games and Wildlight Entertainment have faced similar situations, with significant parts of their teams being let go shortly after game launches.
Unlike those studios, Atomic Arcade didn’t finish a game. This leaves fans of G.I. Joe and Snake Eyes disappointed as they await a major release based on this beloved character. With several games based on other Hasbro properties still in development, it’s uncertain where Snake Eyes will fit in their future plans.
Overall, this situation highlights the challenges facing game developers today. As the industry evolves, the demand for strong financial backing and robust game production processes becomes even more crucial for success.
You can read more about the gaming industry’s latest trends and updates from trusted sources like GamesIndustry.biz.
