Oculus Studios
Prepared at Daybreak Studios has been shut down after greater than 20 years growing video games for platforms just like the PSP and the Meta Quest (previously Oculus Rift).
The corporate, which had been engaged on the Lone Echo VR collection for dad or mum firm Oculus Studios, is closing efficient instantly. In keeping with Android Central, which broke the information (former employees confirmed the shutdown on LinkedIn), the cuts had been to “be sure that Actuality Labs stays throughout the unique budgetary constraints and that Oculus Studios can obtain a ‘higher long-term affect’ in VR improvement.” The dad or mum firm can also be encouraging laid off employees to use to different jobs inside Oculus Studios.
Prepared at Daybreak was initially fashioned in 2003 by ex-Naughty Canine members to work on PSP video games like Daxter and God of Struggle: Chains of Olympus. Its first unique IP was the The Order: 1886 in 2015, which was not obtained effectively however has retained a form of bizarre cult standing amongst gamers. It hopped into VR improvement with Lone Echo in 2017, and was subsequently acquired by Oculus Studios. Its final sport was Lone Echo 2 in 2021, nevertheless it ended Echo VR assist to give attention to different initiatives a few years later.
The studio was hit by layoffs in 2023 as fragment of Meta’s bigger cuts throughout the corporate that affected hundreds of employees.
Final week, Meta launched its quarterly financials, which confirmed that Actuality Labs — its AR/VR and metaverse phase — reported a $4.49 billion working loss. The division has reported losses over every of the final four quarters, and because the begin of 2019 has misplaced round $59.5 billion.
Meta executives stated in an earnings name that the corporate will proceed to take a position within the “full set of ambitions” in Actuality Labs, together with digital actuality. CFO Susan Li highlighted the Quest 3 headset, together with Meta’s push into AR glasses. A spokesperson instructed Android Central that we shouldn’t count on extra cuts to video games improvement.
