Meta has scaled back its long-running push into virtual reality, laying off roughly 1,500 employees from its Reality Labs ...
UFC rebranded its UFC Apex facility as Meta Apex after a five-year deal with Meta, citing VR, AI and wearable tech ...
The division has lost over $77 billion since its inception in 2020. The post Meta Lays Off Thousands of VR Workers as ...
The planned reductions will disproportionately impact teams working on VR headsets and the company's VR-based social network ...
The past few years have brought countless changes to our lives. After the onset of the pandemic, many companies adapted and pivoted to a new business model at an unprecedented pace. Others took it ...
According to Bloomberg, Meta is cutting 30% of its metaverse budget. Its Reality Labs division is on track to lose close to $20 billion. Layoffs in 2022 helped ignite a boom in the stock. Zuckerberg's ...