Remove gaming-layoffs-2024
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Pico 5 Reportedly Scrapped due to Low Pico 4 Sales, Report Says

XR Today - Virtual Reality

” The article does not indicate a time to market for ByteDance’s Swan project. Mass Layoffs at ByteDance The Pico 5 update comes after ByteDance filed roughly 400 layoffs and reshuffled 600 employees to other departments, slashing its workforce from 1800 to 800, or a 60 percent reduction.

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Meta Reportedly Laying Off Custom Chip Staff As Qualcomm Partnership Strengthens

Upload VR

Meta is reportedly conducting layoffs in its custom silicon for wearables team. Reuters cites "two sources familiar with the matter" as saying employees on the team, still known as Facebook Agile Silicon Team (FAST), were notified of layoffs yesterday via Meta's internal communication platform Workplace.

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The XR Week Peek (2023.03.20): Meta to perform new layoffs, Google Glass to shut down, and more!

The Ghost Howls

The layoffs will start affecting the recruiting departments in March, then the tech employees in April, and in the end, the business people in May. This is clearly a move to appease the investors, exactly like the layoffs. Starting March 15th, Glass Enterprise 2 won’t be on sale anymore. What will happen after that is not clear, yet.

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The XR Week Peek (2023.01.23): Microsoft shuts down Altspace and MRTK, and more!

The Ghost Howls

Because of the bad economic conditions, the less digital post-pandemic world, and all the other problems we at this point know too well, Microsoft had to perform massive layoffs. As a direct effect of the layoffs, two XR projects not deemed as strategic have been just shut down. This is bad news for our ecosystem.

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The XR Week Peek (2023.10.11): Meta Quest 3 ships now, a cheaper model may come in 2024… and more!

The Ghost Howls

In its latest post, he stated that Meta plans to make the Quest 3 live as a medium-tier headset while releasing a new cheaper version of it in 2024 as the affordable option for the mass market. The article talked about a headset shipping without controllers and aiming at the sweet price point of $200.

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2024 Game Development Trends: Opportunities & Challenges

Building the Metaverse

The game industry is enduring a tumultuous period — but amidst the layoffs, the technological acceleration, the new platforms and shifting business models — there is also enormous opportunity… But only if one invests wisely. Revenue is down, while costs are up: this is why layoffs are happening. The strength of PC Gaming ?‍?

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ICYMI This Week: SXSW, Gorilla Tag, Gran Turismo 7, Avenged Sevenfold & More

Upload VR

Following a busy week for VR games and hardware news, here's our latest roundup. With VR gaming, Sony shut down Blood & Truth studio PlayStation London as layoffs hit Horizon Call of the Mountain's two studios. You can find our full list of articles here. We've seen some big developments across VR hardware.

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