The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...
Meta chief technology officer Andrew "Boz" Bosworth said early in 2025 that the metaverse could be a "legendary misadventure" ...
That’s because it wasn’t just Reality Labs employees that got cut loose in Meta’s most recent layoff round; it was also some ...
Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...
Meta has restructured Reality Labs, closing three of its VR game studios, and will shift focus to its Wearables division.
Meta has begun a massive set of layoffs in its reality Labs Division, as the company refocuses on developing AI-powered ...
The metaverse isn't exactly a hit right now. Mark Zuckerberg has to realize that too. Layoffs are coming soon.
Meta is laying off more than 1,000 workers, signaling a partial retreat from the company’s much-derided metaverse ambitions.
Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 ...
Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.
Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.
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