In a significant shift for the virtual reality landscape, nDreams, a prominent player in the VR gaming sector, has announced plans to reduce its workforce by approximately 17.5%. According to reports from GamesIndustry.biz, this decision could affect around 45 employees, based on the current count of 253 profiles listed on LinkedIn.
CEO’s Statement on Strategic Focus
CEO Patrick O’Luanaigh addressed the situation in a message to employees, stating, “Today, all of our nDreams colleagues were informed of a renewed strategic focus that could result in redundancies affecting up to 17.5% of the company.” He expressed the company’s deep regret over the impending job losses, emphasizing the extensive efforts made over the past months to explore alternatives in what he described as a challenging VR games market.
O’Luanaigh acknowledged the difficulties faced by the independent studio, which has been dedicated to VR development since 2013. He noted, “Having built a modest independent studio into a world-leading VR game developer, we have inevitably faced many challenges. These necessary considerations of losing valued team members are the most difficult yet.”
Despite the layoffs, the CEO reaffirmed the company’s commitment to the future of XR gaming. “Our belief in XR gaming is undimmed. We firmly believe that our proposed new structure will enable us to better serve current and future audiences in creating medium-defining titles for years to come,” he stated.
As nDreams navigates this transition, the company is prioritizing support for its employees. O’Luanaigh assured that efforts are underway to assist those whose positions may be impacted, whether through new roles within nDreams or opportunities elsewhere.
This announcement follows a significant milestone for the company, as it was acquired by Aonic for $0 million just ten months prior, marking a pivotal moment in its journey within the competitive gaming industry.
