Phoenix Labs, a developer you may know from Dauntless and Fae Farms, has announced the cancellation of all unannounced projects and layoffs

Phoenix Labs has announced that it will stop developing all third-party games except for the already released Dauntless and Fae Farms. The studio posted an announcement on LinkedIn, where it said that it was reorganising to focus on its live events.

Here's What We Know

As part of this restructuring, the studio cancels all other projects and fires about 140 employees. The decision was made after a thorough assessment of the economic environment to ensure the survival and long-term success of the studio. Unfortunately, this means that other unannounced projects will be postponed indefinitely.

One of the most famous releases of Phoenix Labs remains the action role-playing game Dauntless. Despite the forced cuts, the studio will continue to work on Dauntless and Fae Farm.

Source: GamingBolt