Velan Studios, the team behind Knockout City, has announced it is entering a reorganization that will likely result in layoffs.
In a post to X (formerly known as Twitter), the studio’s co-founders Guha and Karthik Bala revealed that the team was working on a big project that an outside partner suddenly canceled. As a result, it might not be able to maintain its current team size; 46 out of 121 employees were given notice they may be laid off in the next 60 days.
“This is a rough environment for a lot of indie studios, and like them, we are faced with some very hard choices,” Velan writes in the post. Should the worst come, Velan states it will do its best to support affected staff members. You can read the full post below.