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UPDATE (Dec 30) GOOD NEWS! According to Gamers-Haven.org, Red 5 employees will be paid on December 30th after the company missed last week's payroll deadline. However the same report indicates that "according to reliable source inside the company" several employees were let go last week and, as with layoffs at the end of November, did not receive severance packages.
(Dec 28): After reaching out to representatives at Red 5, we were told they had no statement or comment to make at this time.
According to a Reddit post and an anonymous tipster, Firefall developer Red 5 Studios has failed to make its latest payroll deadline. According to information we've been sent, the current CEO's share of the company is worth approximately $45M (via 13D disclosure recently filed) but let employees know shortly after that the company would not be able to meet its payroll obligation.