School is out for Rec Room. The social gaming platform announced on Monday that it will be shutting down this June, in spite of “reaching over 150 million players and creators along the way” since its ...

Rec Room, the Seattle-based social gaming company once valued at $3.5 billion, is shutting down its platform on June 1, leaving the future of the company and its employees unclear. The company made ...

If you've spent any time in virtual hangout spaces over the last decade, chances are you've heard of Rec Room. The social gaming platform became a staple for millions of players who used it to hang ...

Rec Room is a VR hub where gamers from across the world can play with one another or with their friends, hang out, explore millions of player-created rooms and customize their avatars. The platform ...

Chronicling the Seattle and Pacific Northwest startup scene. SEE MORE by Kurt Schlosser on Aug 27, 2025 at 10:15 am August 27, 2025 at 10:37 am Nick Fajt, co-founder and CEO of Rec Room, in Seattle in ...

The platform reached more than 150m players globally but failed to generate enough revenue to cover operating costs. Players will lose access to the game and all online services once servers go ...

Rec Room, the social gaming platform once riding high on a $3.5 billion valuation (now that’s a price tag), is now laying off “roughly half” its team. That’s not a pivot—that’s a full-blown reset.

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 ...

16% of Rec Room's staff have been hit with layoffs, and the studio outlined how it plans to become more self-sufficient. Initially launched in 2016, Rec Room is a social platform widely available ...