Samsung closed quite big department that worked on CR and 360 videos and apps for VR.

Google recently closed DreamVR and fired bunch of people responsible for VR related activities.

Facebook cut staff working on their VR gaming and hardware apps, rumors are that next 20% cuts will follow in January.

Some developers at Apple who worked on software and hardware for internal VR headset and apps had been fired or transferred to their AR project.

Xiaomi stopped making VR products and dismantled small department responsible for some design and working with actual manufacturers who amde product for company.

Around 30-35% of independent companies and studios specializing on VR games and apps closed in last 12 months.

Insta360 and few remaining hardware companies are feeling so-so, sales continue to fall as most of them had been made by customers going on tours or holidays.

Companies that are feeling quite good are one that make virtual tours for selling homes, but they are also very worried as market started to show signs of problems. Some of clients rejected their offers and preferred cheap 2d photos sometimes with fast gimbal run instead.