Another studio has announced major layoffs as TerraTech developer Payload Studios has laid off 25 percent (25%) of its staff this week. The announcement comes via the studio’s founder and CEO Russ Clarke via LinkedIn.
“We tried very hard to avoid this, and I won’t pretend that we got everything right over the last few years – but ultimately the games market has been very tough in recent times, and shows little sign of getting easier,” he said. “Small independents like us have no protection from this, other than ‘nailing it’ every time, which is much easier said than done.”
While Clarke said that 25% of the team would be let go, there was no specific number mentioned. According to Rocket Reach, the company has 48 employees. If that’s accurate, at least 12 people will have lost their jobs from this news.
“Payload will carry on, and bounce back from this, I firmly believe; but it’s a hard road and it will stay hard for a good while longer,” Clarke continued. “TerraTech and TerraTech Worlds will continue to be maintained and developed without interruption – we thank our wonderful community for their support, and we wish the best to those amazing co-workers with whom we have shared this incredible journey, but must now regretfully part ways.”
With the layoffs at Payload Studios, the gaming industry has seen over 11,600 people, at least, lose their jobs in 2024 alone.
What do you think of Payload Studios being the latest company to have mass layoffs? For more Insider Gaming, read about the latest claims surrounding the launch of the Nintendo Switch 2.
