Former Firefall Producer: "Everyone From Red 5 Has Been Let Go"

Is this the end for Firefall and Red 5 Studios?

That seems like a possible outcome following the recent news that the studio suffered mass layoffs, with former employees saying things like "Everyone from Red5 has been let go" and "Everyone I know of who was still there (there weren't many left) was let go today" (meaning Monday). You can find the grim news on the Firefall subreddit.

It's not all that surprising, considering Red 5's actions as of late, such as layoffs back in November and that thing about missing payroll in December. Looking around the web for the exact reasons behind yesterday's culling, it's easy to point a finger at the recent collapse of the stock value of the Cayman Islands cashmere company (no, really) that owns 30.6% of Red 5 -- seriously, look at that chart. It's so bad, the stock has been suspended from the Hong Kong Stock Exchange.

If you're still playing Firefall, I'd suggest getting your fix while you can. This sounds more like the sort of MMO game closure that doesn't come with fanfare and events to celebrate the community but with a quick and casual flipping of the switch from "on" to "off." Our condolences go out to those affected.