Meta Announces Closing of VR Game Studio Ready at Dawn to Optimize Cost Structure
Publication Time:2024-08-08 09:22:06
In a recent strategic move, Meta, the global leader in social media platforms and a driving force behind the metaverse concept, has announced the closure of its VR game studio, Ready at Dawn. This decision is made with the goal of further optimizing the company's cost structure, by focusing resources on more critical projects and areas. Ready at Dawn was well-known for its development of the Echo series VR games, attracting attention from both players and the industry. However, in light of current market conditions, Meta has chosen a more cautious strategy to address growing cost pressures and industry competition. Through this action, Meta aims to maintain its leading position in virtual reality technology while ensuring the overall financial stability of the company.
Meta
VR Game
Studio Closure
Cost Optimization