VR specialist nDreams proposes significant layoffs and two studio closures
VR studio nDreams has proposed a significant restructuring plan that includes the closure of two internal studios, Near Light and Compass, and puts 78 employees at risk of redundancy. The company cited challenging market conditions in the VR games sector as the reason for these necessary changes to ensure future viability. CEO Tim Gillo expressed his belief in the VR medium despite the commercial difficulties.
- Entities
- Company: Compass
- Company: Elevation
- Company: nDreams
- Topic: Layoffs
- Company: Aonic
- Person: Tom Gillo
- Topic: Studio Closures
- Topic: Virtual Reality
- Company: Near Light
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