Official financial reports from VRChat

VRChat Announces Layoffs, Cutting 30% of Staff Amid Operational Challenges

Jun 13, 2024, 12:46 AM

VRChat has announced a significant layoff, cutting 30% of their staff. The layoffs have deeply affected many employees, both those who were let go and those who remain. The company, which expanded its workforce during the pandemic, is now facing challenges in sustaining its operations through events, memberships, and the creator economy. Despite the layoffs, the founders have indicated that VRChat has a few more years of runway. The VR community is rallying to support the affected employees, with some offering opportunities in other companies and platforms.