Seattle-based startup Rec Room, once valued at $3.5 billion, is laying off about half of its staff in a sweeping restructuring.

Co-founders Cameron Brown and Nick Fajt announced the layoffs Monday in a blog post, calling it “one of the toughest choices in Rec Room history.”

#LayOffs@GameDEV
#VR@GameDEV

Star Wars, directed by Guy Ritchie

#VR@GameDEV
#meme@GameDEV
#StarWars@GameDEV

Do you remember Microsoft Flight Simulator 2024? It's coming to PSVR2!

#XBox@GameDEV
#PlayStation@GameDEV
#VR@GameDEV

We're so hyped!

https://www.youtube.com/watch?v=OmKrKTwtukE
#Valve@GameDEV
#Hardware@GameDEV
#VR@GameDEV

Okay, a new way to fight cheaters in your game: STOP SELLING IT!

#VR@GameDEV
#Security@GameDEV
#WTF@GameDEV

Meta shuts down their biggest remaining VR studios and shifts focus from the metaverse. Will they rename it back to Facebook?

All of these companies were not created by Meta, they were acquired just a few years ago, then forced to focus only on internal projects, and now they are closed.

#VR@GameDEV
#Meta@GameDEV

Instead of making VR fun, they tried to make work even cringier than before!

#meme@GameDEV
#VR@GameDEV

Also gamers right now

#meme@GameDEV
#HalfLife@GameDEV
#VR@GameDEV

Who would've guessed (literally everyone) that Meta Ray Ban AR glasses were spying on people. But the format is crazy.

Meta hired extremely cheap labor from Africa to review records and analyze how good their AI is doing its job. Due to the workflow they had no right to fully stop it or not watch it.

These people have seen thousands upon thousands of hours of private lives of users. Now the company is being sued over it.

Why the fuck anything different was expected from literally always on AR glasses?

#Facebook@GameDEV
#Meta@GameDEV
#VR@GameDEV

The guy behind the biggest collection of VR-mods for games, who was forced to take down Cyberpunk 2077 mod (due to DMCA strike from CDPR), re-released his mods for free.

But he will keep the new ones exclusive for 3-6 months for paid subscribers. And Cyberpunk mod will not be released (thanks CDPR).

Funny enough, he was a huge fan and he offered them to make it an official mod. And during the review of this idea CDPR decided that selling mods for their games is illegal. They stopped the talks and attacked him legally a few months ago.

https://www.youtube.com/watch?v=fFWr_bmu6dE
#VR@GameDEV

Meta Horizon Worlds will be discontinued this June! And Hyperscape captures (collaborative experiences) are also going down just a few months after the release.

The whole VR castle is seemingly going deeper and deeper into a niche thing.

#VR@GameDEV
#Facebook@GameDEV

LOL

#VR@GameDEV
#Facebook@GameDEV

Rec Room sandbox platform is shutting down. They previously fired half of their team and were still unable to find profits.

Billions in valuation and over $145m as the investment round D in 2021 weren't enough to make it commercially sustainable. But to be fair, Roblox still lives at net loss despite $4.9B in profits.

#VR@GameDEV
#Sandbox@GameDEV
#NoCode@GameDEV