Rec Room has laid off "roughly half" of its staff as "a business necessity". The remaining team will focus more on Rec Room Originals. Among those let go are employees who have worked at Rec Room for ...

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.