Phoenix Labs (Dauntless and Fae Farm developer) has laid off over 100 people and all in-development games have been cancelled

John Elden Ring

The Thread Maker
Content Creator
5 Jul 2022
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Journalists are reporting that the Studio has been impacted by layoffs:

Major layoffs at Fae Farm, Dauntless dev Phoenix Labs today. Two sources said over 100 people have been impacted. On LinkedIn, a former worker said all in development games have been cancelled, including one about to be announced. Devastating news — so sorry to those impacted.