Star Atlas Makes Major Lay Off and Runway Announcement

July 25th —Citing a lack of external funding, Star Atlas has reduced its workforce by 73%

Key Takeaways from the Announcement

· Approximately 122 people were let go, or roughly 73% of the remaining workforce after FTX. This includes external Spearsoft developers that were working on UE5. 45 people now remain working for ATMTA

· UE5 development is now on an extended timeline. Marketplace, DAO, and Faction Fleet and Faction claims will be maintained at a lower priority. SAGE and Mobile app that was announced at Play GG are the top priority

· Each of the Founders, including Wagner, have taken a pay cut. Potential as low as $36,000 dollars a year per Florida state laws.

· Runway extended up to a year and beyond as a direct result of workforce reduction.

Wagner Addresses Workforce and Community

The full announcement can be found in the Star Atlas discord.

Michael Wagner will address the community during a special AMA on Wednesday, July 26th at 1 PM EST in the Star Atlas Discord.

About the Author

Krigs is a pioneer in the world of Star Atlas, having founded The Hologram News Network — an independent meta-news organization that keeps players up to date on all developments regarding Star Atlas. An ardent supporter of emerging technologies, Krigs has been covering this game for over a year and believes passionately in their power to revolutionize our collective gaming experience.

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