VRChat, the social VR platform, has laid off approximately 30% of its workforce. The decision, announced by CEO Graham Gaylor in June 2024, was driven by a need to ensure the company's long-term health and growth after VR market expansion slowed significantly in 2022. While optimistic about its future mission to bring immersive social connection to billions, the company concluded its current team size was unsustainable. This restructuring aims to create a more nimble, focused organization capable of executing its multi-year plans, though it comes at the cost of parting with many talented employees.
