Highguard Has Less Than 20 Developers, Layoffs Due to Tencent Pulling Funding – Rumor

Wildlight Entertainment's ill-fated PvP raid shooter apparently failed to meet metrics by its secret financial backer, Tencent.

Posted By | On 27th, Feb. 2026

Highguard

You could be forgiven for not remembering Highguard, Wildlight Entertainment’s debut PvP raid shooter. Released last month after a storm of controversy at The Game Awards, it saw strong player counts on Steam…which quickly plummeted. User reviews rose from “Overwhelmingly Negative” to “Mixed,” which did little to staunch the bleeding.

Wildlight announced layoffs shortly after its release, even though a core team remains in place to deliver content. Interestingly, a new report by Bloomberg’s Jason Schreier, who spoke to former staff, indicated that the studio, which consisted of 100 people, had enough “financial runway.” However, in an alleged meeting on February 11th, leadership revealed that they were “out of money.”

Apparently, Tencent, which was alleged to have been secretly funding the title, pulled funding because metrics like retention rate weren’t met (even if management didn’t explicitly phrase it as such). There are reportedly fewer than 20 developers remaining on the title, with those who left citing “hubris” at how leadership handled the title. It’s not completely unexpected, given that these were the folks who delivered Apex Legends, but times have certainly changed.

Wildlight continues to issue updates for Highguard, following its roadmap to a T. It hasn’t abruptly wrapped things up, like Anthem, but thus far, things aren’t looking good in terms of player counts. For more details, check out our review of the base game.


Keep On Reading!

Virtua Fighter Crossroads is An “Open Sandbox RPG,” Says Producer, Where “Player Choice Matters”

Virtua Fighter Crossroads is An “Open Sandbox RPG,” Says Producer, Where “Player Choice Matters”

RGG Studio's Riichiro Yamada also promises a "lot of side content", including "side quests with the old cast" ...

Star Wars Eclipse “Simply Cannot Be Completed” if Quantic Dream Proceeds With Layoffs, Say Devs

Star Wars Eclipse “Simply Cannot Be Completed” if Quantic Dream Proceeds With Layoffs, Say Devs

After announcing layoffs for 115 employees following the failure of Spellcasters Chronicles, developers are st...

Dinoblade Launches on July 23rd, Prehistoric Souls-like Combat Showcased in New Trailer

Dinoblade Launches on July 23rd, Prehistoric Souls-like Combat Showcased in New Trailer

What began as a humble series of animations by Jean Nguyen back in 2022 has evolved into a full-fledged PC tit...

Grand Theft Auto 6 Has Seen “Record” Pre-Orders on Xbox Series X/S, Clarifies Microsoft

Grand Theft Auto 6 Has Seen “Record” Pre-Orders on Xbox Series X/S, Clarifies Microsoft

An Xbox spokesperson said that recent estimates "don't represent pre-order data" and that people should "wait ...

Grand Theft Auto 6 Won’t Get a Disc-Based Physical Copy, Despite Recent Reports – Rumor

Grand Theft Auto 6 Won’t Get a Disc-Based Physical Copy, Despite Recent Reports – Rumor

A "source with knowledge of the plans" told The Hollywood Reporter that it's not on the cards, either at launc...

Assassin’s Creed Black Flag Resynced Showcases Havana’s Astonishing Glow-Up and Authenticity

Assassin’s Creed Black Flag Resynced Showcases Havana’s Astonishing Glow-Up and Authenticity

From changes in lighting due to nightfall or different types of rainfall and winds, the city looks better than...