ConsumerUS
Sandbox VR Layoffs
May 2020
Sandbox VR announced a layoff affecting 80 employees (80% of its workforce) in May 2020. The company operates in the Consumer sector.
People Affected
80
Percentage
80%
Announced Date
May 1, 2020
About
Sandbox VR, a virtual reality startup, conducted significant layoffs last week, reportedly cutting 80% of its staff. This reduction left the company with a skeleton crew of around 20 employees. The layoffs notably included the entire engineering team, and the CEO announced he was laying himself off as well. The company, which operates in the VR entertainment industry, has faced challenges amid broader economic pressures affecting tech startups.
Source
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