Most people may not know, but the VR market is in shambles. It's seeing a 75% revenue drop on many key platforms. Cyan was highly dependent on this audience.
Add to this, many studios are being funded externally, by either investors or via publishers for their next projects. As of 2024, those deals disappeared. Hardware manufacturers were willing to pay massive amounts for exclusives or ports, but then that all went away.
Cyan may likely have just enough team members to get through PSVR2 certification, because that bar seems pretty low these days.
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Re: Myst Studio Cyan Announces More Layoffs Just Three Months After Making Half Its Staff Redundant
Most people may not know, but the VR market is in shambles. It's seeing a 75% revenue drop on many key platforms. Cyan was highly dependent on this audience.
Add to this, many studios are being funded externally, by either investors or via publishers for their next projects. As of 2024, those deals disappeared. Hardware manufacturers were willing to pay massive amounts for exclusives or ports, but then that all went away.
Cyan may likely have just enough team members to get through PSVR2 certification, because that bar seems pretty low these days.