Image via GeekWire
Rec Room: Layoffs
Seattle-based social gaming platform Rec Room shut down permanently on June 1, 2026, after inability to achieve profitability. Platform served 150M players but operated on unsustainable economics (30 cents per dollar from user-generated content vs 70 cents from first-party content). Founded in 2016 by former Microsoft engineers.
Source: GeekWire
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: The wider read — a Talent Market Index of 98.6 (Neutral), down 1.4 month-on-month — shows Americas signal flow easing (-2.6pts).
Rec Room: 1 signal in the last 90 days; 0.1% of MitchelLake's Americas signal flow.
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More signals across Americas
Layoffs · Americas
Southern Oregon University →Southern Oregon University is cutting 3 academic majors and approximately 66 jobs as part of restructuring following financial exigency declaration and previous workforce reduction rounds.
Layoffs · Americas
Algoma Steel →Algoma Steel laid off approximately 1,000 employees and reported a billion-dollar loss in 2025. CEO received $6.8 million compensation package despite the company's severe financial distress.
Layoffs · Americas
Rivian →Rivian announced a workforce reduction of less than 2% as part of a cost reduction initiative.
Layoffs · Americas
Expeditors →Expeditors International cut 230 tech jobs across Seattle region offices, ending decades-long no-layoff policy; affected roles include software developers, QA testers, project managers, and business analysts
Layoffs · Americas
GoDigital Music →GoDigital Music experienced a significant client loss that resulted in layoffs. The company failed to monitor client environment changes and external factors impacting their business, leading to operational restructuring.
Layoffs · Americas
Epic Games →Epic Games laid off 1,000 employees following significant downturn in Fortnite engagement. CEO Tim Sweeney cited challenges in delivering consistent seasonal content.
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