Overview
- Studios marked for closure are Near Light in Brighton and Compass in Farnborough, with layoffs proposed across multiple teams.
- nDreams will concentrate operations on its Elevation studio, retaining around 120 staff working on unannounced projects.
- A lean group dedicated to XR R&D will remain as part of the refocused business.
- Reductions include Facilities, Talent, Shared Technology, and Executive teams, with impacts extending to senior leadership.
- CEO Tom Gillo called the decision extremely painful and said the firm will explore options to retain talent as consultations proceed; the Aonic-owned company previously made cuts in 2024 amid a wider VR pullback that also saw Meta shutter several studios.