VR Developer nDreams Restructures, Closes Two Studios
VR specialist nDreams is undergoing a significant restructuring. This includes the closure of its Near Light and Compass studios. Seventy-eight jobs are at risk due to challenging market conditions.
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VR specialist nDreams proposes layoffs and two studio closures
VR specialist nDreams has proposed layoffs and the closure of two studios. Separately, MindsEye developer Build A Rocket Boy, founded by Leslie Benzies, announced its second round of job cuts in eight months, alleging corporate sabotage.
nDreams announces restructuring with "significant" staff reduction, two studios closed
VR 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 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.
