nDreams announces restructuring with "significant" staff reduction, two studios closedVR developer nDreams has announced a significant restructuring, including the closure of its Brighton-based Near Light studio and the Compass team, resulting in 78 jobs being at risk. The company's CEO, Tom Gillo, cited challenging market conditions for the painful decision, aiming to focus on the Elevation studio and XR R&D. This news follows similar reductions in VR investment from companies like Meta. Games Industry
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nDreams announces restructuring with "significant" staff reduction, two studios closedVR developer nDreams has announced a significant restructuring, including the closure of its Brighton-based Near Light studio and the Compass team, resulting in 78 jobs being at risk. The company's CEO, Tom Gillo, cited challenging market conditions for the painful decision, aiming to focus on the Elevation studio and XR R&D. This news follows similar reductions in VR investment from companies like Meta.
VR specialist nDreams proposes significant layoffs and two studio closuresVR 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.