Late yesterday afternoon, Reddit user reecej101 reported on the Firefall subReddit that a major round of layoffs had gone down at Red 5, development studio behind the game. A few posts later, user bdsmchs, reportedly a former employee with Red 5, confirmed that layoffs had occurred, reiterated on Community Manager FadedPez's Twitter account.
So I'm no longer with Red5 as of today, no goodbye post but may solo stream later
— FadedPez (@FadedPez) July 25, 2016
We'll keep you posted as the story develops.