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Gravity Well Lays Off Over 40 Developers After Losing Funding

Independent video game studio Gravity Well has laid off most of its staff after losing its funding, leaving leadership searching for a new financial partner.

FTMQ Creators, written by our newsroom0 views

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Picture: GamesIndustry.biz

Independent game development studio Gravity Well has laid off over 40 developers, GamesIndustry.biz and WN Hub both reported. The reduction represents the majority of the studio's team. [1][2]

The studio lost its funding during the summer, according to GamesIndustry.biz. Leaders informed staff about the situation as it developed, warning them that layoffs were possible if new financial backing was not secured. [1]

GamesIndustry.biz reported that Gravity Well was founded by Respawn Entertainment alumni. Its leadership team consists of three executives: Drew McCoy, Jon Shiring, and Mon Saetern. [1]

The studio stated in a LinkedIn post that it is still actively searching for a new partner to continue operations, according to GamesIndustry.biz. [1]

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In short

  • Gravity Well laid off more than 40 developers after losing its funding.
  • The studio lost its financial backing during the summer.
  • Gravity Well was founded by former Respawn Entertainment staff Drew McCoy, Jon Shiring, and Mon Saetern.
  • Management is currently searching for a new funding partner.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Gravity Well lays off more than 40 developers after losing its fundingGamesIndustry.biz, 6h ago (the report this story comes from)
  2. [2]Gravity Well has announced the layoff of over 40 developers following the loss of its fundingWN Hub, 6h ago

Background

  1. [3]Sphere of influence (astrodynamics) on Wikipedia

Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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