If anyone was following this fiasco, they basically launched Dauntless on Steam with a major update that completely wrecked the game and removed much of its content. Dauntless was already struggling and went in weird directions during development but this was the final nail in the coffin, and the company seems to have totally gone under.

Source: https://reddit.com/r/dauntless/comments/1ibfvaq/studio_update/

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[–] electric@lemmy.world 12 points 3 days ago

If you worked on Dauntless, just want to say I appreciate your part! Only played it for a while at release because the grind turned me off but it's been sad seeing news pop up of how it has been going downhill. Was such a fun game.

Sucks that good game devs get laid off because the leaders are asleep at the wheel unless it involves monetization.