It wasn't. The company I'm talking about was based in a suburb of Dallas and only had the one office. In fact, I believe that after the layoffs they actually got rid of their office for a while and worked out of the CEO's house for a bit before they could afford to rent space again.
Much smaller and lower-profile than Crytek, though they still have their own Wikipedia article.
By the way, even before the layoffs, the CEO was notorious for firing anyone he felt had a "bad attitude", including a world-renowned living legend of a developer who was suffering from severe depression and had been previously hospitalized for a suicide attempt.
He was known for working his employees to the bone, developers regularly slept at the office, and the company was a caricature of every overtime-happy game developer. One of my friends took up smoking and was addicted for a few years because the only way she was allowed to leave her desk was to go on a smoke break and sitting in one place for so long was getting physically painful. They also had a policy where no matter how late you stayed the previous night, even if you were there until 3am, you had to be in by 10am the next day or they'd dock you a vacation day.