Announcement of layoffs
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Today, we’re publicly sharing that Dual Wield Studio has reached the difficult decision to conduct layoffs. This is not done lightly; our core ethos prioritizes taking care of our team above all.
Candidly, layoffs reflect a failure of leadership sufficiently planning and acting in service of the team.
Last year, our current Leadership became aware of our company having operated at a significant income deficit for several years. We informed our team of this concern, and did what we could to mitigate it as much as possible, including the seniormost highest-paid members of Leadership deferring significant owed pay in order to extend more funds to our team.
Despite this, without more drastic action, our trajectory endangered our ability to reasonably continue to fairly compensate our team or support them in the event of financial insolvency.
Layoffs are that drastic action.
Full-time employees impacted by the layoff will receive 6 months severance pay, 6 months medical benefits, and 6 months of tailored outplacement support, with comparable severance offered to our incubation business project contributor. If we cannot continue to fairly employ people, we believe we should at least do what we can to help them find their next job.
We’re heartbroken to send away folks who have been part of what makes our team so special, and are committed to doing all we can to sustain Dual Wield Studio by learning from our mistakes to do better.
If you’re hiring, these are some marvelous folks for you to consider – please reach out to hello@dualwieldstudio.com