Phoenix Labs reportedly laid off more than 100 employees and canceled development in all unrelated sectors.Bold and fairy farm Projects.
In a message published on LinkedInThe studio said it will focus on serving the communities of its two live service games. Bold and fairy farm in the future, and that “working on all other projects in the studio” has been cancelled.
According Polygon reporter Nicole CarpenterAccording to two studio sources, more than 100 employees were affected by the cuts and one of the canceled games was about to be announced.
“This restructuring has not been easy and has truly been a last resort to ensure that Phoenix Labs can survive and thrive in the long term,” the studio said. “It is impossible to put into words how deeply we value every talented individual who has contributed their hard work and passion to every project at our studio.”
Receive the full message from Phoenix Labs below.
Today is an incredibly difficult day. After a long period of evaluating how to navigate our economic environment, we have had to significantly restructure the company to pave the way for a strong future.
We are reorganizing Phoenix Labs to focus on our best live service titles. Bold and fairy farmand serving their communities.
Unfortunately, this means canceling work on all other projects at the studio, which will immediately impact many of our colleagues. we are giving
notices to all persons whose roles are affected.This restructuring has not been easy and has truly been a last resort to ensure that Phoenix Labs can survive and thrive in the long term. It is impossible to put into words how deeply we value every talented person who has contributed their hard work and passion to every project at our studio.
We’re doing our best to support our outgoing team members in this interim period and encourage any studio looking for incredible talent to speak to the unique people who have been part of the Phoenix Labs journey.