Phoenix Labs Lays Off Over 100 Employees, Cancels Multiple Projects

The developer of Dauntless and Fae Farm undergoes major restructuring to focus on flagship titles.

Phoenix Labs laid off over 100 employees and canceled all in-development games.
The studio will concentrate on live service titles Dauntless and Fae Farm.
This marks the third round of layoffs for Phoenix Labs in just over a year.
Former employees report the layoffs were announced during a mass Zoom call.
The restructuring was driven by economic challenges and new ownership by blockchain company Forte.