Seattle-based startup Rec Room, once valued at $3.5 billion, is laying off about half of its staff in a sweeping ...

Nick Fajt, co-founder and CEO of Rec Room, in Seattle in 2017. (GeekWire File Photo / Kurt Schlosser) A major round of ...

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 ...

Investor enthusiasm culminated in December 2021, when the company raised $145 million at a $3.5 billion valuation. This ...

A major round of layoffs at Rec Room impacted 141 employees at the Seattle-based startup according to a Worker Adjustment and Retraining Notification filing on Wednesday from the Washington State ...