Overview

• Ready at Dawn, known for Echo VR and Lone Echo, was acquired by Meta in 2020.
• The studio's shutdown is part of a broader effort to reduce Reality Labs' budget by 20% by 2026.
• Meta's Reality Labs has reported significant financial losses, totaling nearly $4.5 billion in the latest quarter.
• Former employees are encouraged to apply for other positions within Oculus Studios.
• The studio had a history of developing notable titles for PlayStation, including God of War PSP games and The Order: 1886.