Industry Challenges
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VR developer Vertigo Games shutters Amsterdam studio
VR developer Vertigo Games has closed its Amsterdam studio due to ongoing challenges within the virtual reality industry. CEO Richard Stitselaar expressed gratitude for the team's contributions and stated the company's focus is on supporting affected employees. This closure reflects broader difficulties in the VR sector, with other companies like Rec Room and Polyarc Games also experiencing cutbacks.
Epic Games is Laying Off 1000+ Employees, Blames Fortnite Downturn and “Industry-Wide Challenges”
Epic Games CEO Tim Sweeney announced over 1,000 employee layoffs, citing a "downturn in Fortnite engagement" and "industry-wide challenges" such as weaker console sales and economic pressures. The company plans to cut costs and focus on building new Fortnite experiences and evolving Unreal Engine. Laid-off employees will receive severance packages and extended healthcare.
