Phoenix Labs, known for developing Fae Farm and Dauntless, has conducted another round of layoffs affecting a significant portion of its staff. In a LinkedIn statement, the studio explained these layoffs are part of necessary operational changes, with further details to be announced regarding its games. This follows previous layoffs, including a 9% reduction in 2023 and further cuts in 2024, shortly before announcing a new game. The studio, which recently became independent, was acquired by Forte Labs, a blockchain entity, after its independence. Critics have targeted its monetization strategies in recent releases.
"We have made the tough decision to part ways with the majority of the studio as part of unfortunate but necessary changes to our operations."
"In 2023, Phoenix Labs let go of 9% of its employees and then did another series of layoffs in 2024, weeks before its next game was set to be announced."
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