Phoenix Labs restructures, lays off 140 staff, and cancels projects to focus on Dauntless and Fae Farm.

Phoenix Labs, developer of popular games Dauntless and Fae Farm, undergoes major restructuring, laying off around 140 staff and cancelling in-development projects. The company aims to concentrate on live service titles, Dauntless and Fae Farm, to ensure long-term survival and success. This follows previous layoffs in December 2021 and is described as a "last resort" measure.