… Polyarc's layoffs reflect a broader trend in the VR industry. Earlier this year, Meta reduced its Reality Labs workforce by 10%, resulting in the closure of Twisted Pixel Games, Sanzaru Games, and Armature Studio . …
… A year later, the company initiated a restructuring program after a $2 billion investment from Saudi Arabia's Savvy Games Group did not materialize. This led to thousands of layoffs, project cancellations, and the closure of several studios.
… This decision led to the closure of three VR studios : Twisted Pixel Games, Sanzaru Games, and Armature Studio. …
… Microsoft's games arm is also reportedly planning for further layoffs , with Microsoft allegedly considering spinning off Xbox as a separate entity or restructuring the games division as a wholly owned subsidiary . …
… More than 1,400 employees were affected by layoffs, which also resulted in the closures of Volition Games , Free Radical Design , Campfire Cabal , and Piranha Bytes . Embracer also sold Saber Interactive , Gearbox , Arc Games, and Cryptic Studios . …
… The leadership team, studios, products, and development plans remain unchanged. The company confirmed the transition will not involve restructuring or layoffs. …
Take-Two Interactive has reportedly eliminated its entire AI team as part of restructuring. …
… Fenris Creations confirmed that the transition would not involve restructuring or layoffs, and Pearl Abyss said it will "continue to keep potential collaboration opportunities open."
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