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VisitVRChat 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.
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Less than $50M • 33%
$50M to $100M • 33%
More than $100M • 33%
Decline • 33%
Stable • 33%
Growth • 33%
New VR game • 33%
New VR film experience • 33%
New VR collaboration with another company • 33%
Message encryption • 25%
Video content enhancements • 25%
New monetization options • 25%
Algorithm changes • 25%
New product launch • 33%
Acquisition of a company • 33%
Major investment in R&D • 33%
No significant change • 33%
Increase in user engagement • 33%
Decrease in user engagement • 33%