Social VR Platform ‘Rec Room’ Lays Off Half Its Staff Amid Surge of Low-Quality Content
Social VR platform Rec Room announced it’s laying off around half of its staff, citing low-level content which has flooded the platform from users on mobile and console. Founded in 2016, the studio was once valued at $3.5 billion following its most recent funding round in 2021, which brought the Seattle-based company $145 million, making