Gravity Well Studio, a young indie game studio founded and headed up by several Apex Legends and Titanfall veterans, has announced that it has laid off a majority of its staff, totaling over 40 workers. According to a recent LinkedIn post by the studio, the layoffs were necessary because Gravity Well lost its funding this summer and has not secured a new partner.
The studio says it will continue to "fight for survival," but acknowledges that its future is uncertain. Gravity Well calls itself an "independent AAA game development studio," and the layoffs come before it has launched its first game. That title has been in development for six years but has not been publicly revealed, aside from two concept images shared on the studio's site.
In the post, the executives said their goal had been to create the best place in the world for developers to do their best work. "Sadly, today we're having to take a big step back in achieving that goal," they wrote. They added that the team had been aware of the possibility of layoffs if new funding could not be found, and that the staff had stuck with the company hoping a solution would emerge before funds ran out.
Gravity Well will continue with a much smaller team. The executives told affected employees that the cuts were not a reflection of their skills or ability, and asked other companies to consider hiring former team members, describing them as "amazing" developers who would strengthen any team.
Source: TechPowerUp News · Summarized by HeadlinesBriefing