Remedy CEO steps down with immediate effect just weeks after the studio revealed a massive financial loss tied to its co-op shooter, FBC: Firebreak. Tero Virtala, who had led the Finnish company since 2016, mutually agreed with the Board of Directors to step down on October 22, 2025. This move follows the disappointing commercial performance of Remedy’s first multiplayer venture.
The studio’s highly anticipated live-service game, a spin-off from the Control universe, suffered poor reviews and weak sales after its June launch. In a recent investor alert, Remedy issued a profit warning and announced a non-cash impairment of €14.9 million. This significant loss effectively writes off the majority of the game’s development and publishing costs.
FBC: Firebreak was intended to diversify the company’s revenue stream away from its signature single-player titles. However, the game failed to attract a sustained player base, especially on PC. This marked a costly setback for the company’s new multi-project strategy, despite Virtala’s success in overseeing Control and Alan Wake 2.
Remedy co-founder Markus Mäki has been appointed as the interim CEO while the search for a permanent replacement begins. The company affirmed that development continues on major single-player projects like Control 2 and the Max Payne remakes, signaling a return to focus after the costly experiment of Remedy CEO steps down.
