Gravity Well lays off more than 40 developers after losing its funding
Gravity Well, an independent studio founded by Respawn Entertainment alumni, has let go of the majority of its team after losing its funding. Read more
Gravity Well, a studio once affiliated with Respawn Entertainment, has announced the termination of over 40 of its developers due to the loss of funding. In a LinkedIn post, the three remaining leaders of the studio, Drew McCoy, Jon Shiring, and Mon Saetern, revealed that they have been without funding since the previous summer and are currently seeking a new financial partner.
The studio informed all its employees about the situation as it was unfolding and had prepared for the possibility of being unable to secure new funding. The statement emphasized the team's commitment and hopefulness throughout this challenging process, but expressed deep regret for the inability to keep the team together due to the loss of funding. The studio disclosed that only a significantly reduced team will continue to operate, but warned that its future remains uncertain in the current state of the gaming industry.
Additionally, Gravity Well requested other companies to consider hiring the affected developers as they navigate this uncertain period.
Written by urgent.news from GamesIndustry's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
