Goal Developer Ready at Dawn has reportedly shut down.
That's according to Android Central, which has seen an internal memo sent to employees yesterday by Oculus Studios VP Gio Hunt, which allegedly stated that Ready at Dawn would be shutting down effective immediately.
A spokesperson told the publication that the closure was not to “save money” but to ensure Meta's VR division, Reality Labs, meets its new budget constraints and can deliver a “better long-term impact.”
The company also reportedly said it has no plans to further reduce its number of first-party VR titles and will continue to pursue its VR ambitions.
Reality Labs posted a $4.5 billion loss in the second quarter, a persistent problem over the past few years.
Ready at Dawn has been running since 2003, initially launched by former Naughty Dog and Blizzard employees. It worked on Daxter and the God of War franchise before moving into VR in 2017 with the Lone Echo series.
The studio was acquired by Meta (then still called Facebook) in June 2020 and was hit by company layoffs in April 2023.