Factor 5 Artist Reveals Developer's Financial Woes

It’s one thing for a company to announce they’re laying off a bunch of employees; it’s quite another to have an employee reveal financial issues that everyone in the company has noticed. Factor 5 artist, Sam Baker, has apparently noted the developer’s economic problems in a blog post — that has since been removed — citing the loss of some benefits, the cancellation of projects, and the fact that no one has been paid in awhile:

“I find out no one at Factor 5 had been paid in a month…. and we weren’t going to any time soon…If we left, there would have been no hope in F5 staying afloat. We had faith in the projects and the company, so there was no reason to bail just yet…

‚ÄúThen we lost health care. Ok, who needs it? If we’re going to eventually be paid, some sacrifices would be worth it. I had my own on the side, so I wasn’t sweating it. Then things turned bad…

“Without proper funding on the project I was working on, the company was forced to stop production…The president of the company basically told us that if we didn’t receive funding in 1 week, all of us should move on and look elsewhere for another job. I had no idea how bad this economy was getting until something like this affected me personally, and yea, it sucks. I have 1 more week left at Factor 5.”

Baker has since deleted the blog post in question, but it can still be found cached here. He also replaced it with a note saying that certain projects at the company are still doing well and that some of the financial problems were related to the demise of Brash Entertainment, one of their partners. Still, it’s looking like the Factor 5 house isn’t too stable at the moment, and with other developers dropping left and right due to the economy, I wouldn’t get too attached to them.

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