Gravity Well lays off more than 40 developers after losing its funding

Gravity Well, an independent studio founded by former Respawn Entertainment employees, announced it has laid off the majority of its team after losing its funding this summer. The studio’s three leaders—Drew McCoy, Jon Shiring, and Mon Saetern—shared the news in a LinkedIn post, confirming the funding loss and the subsequent decision to let go of over 40 developers. The statement emphasized that the team was kept informed throughout the process, with the possibility of layoffs if new funding could not be secured.

The studio expressed deep regret over the outcome, acknowledging the hard work and dedication of the departing developers. It noted that the remaining small team will continue efforts to secure new funding, though the future of the studio remains uncertain. The statement also included a request for other companies to consider hiring the affected developers, highlighting the challenges facing the industry.

The layoffs mark a significant setback for Gravity Well, which had been hopeful of finding a solution before funds ran out. The studio’s leaders emphasized that the decision was made only after exhausting all options to secure new investment. The remaining team will focus on survival while navigating an uncertain market environment.

Gravity Well’s situation reflects broader pressures in the gaming industry, where independent studios often struggle to maintain operations amid funding challenges. The studio’s leaders have not provided additional details about potential new funding sources or the timeline for future developments.