The tech giant has laid off 1,500 people—about 10% of staff—from the Reality Labs division that is home to its metaverse ...

The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

More than 1,000 Meta employees — the ones who brought you the metaverse — are now looking for work.

Meanwhile, CTO Andrew Bosworth has urged workers in the division to attend in-person meeting, said to be "most important" of ...

Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.

The cuts come just over four years after Facebook changed its name to Meta and went big on virtual reality and the Metaverse.

AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...

More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...

The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on ...

Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.

Meta is reportedly set to lay off around 1,500 employees from its Reality Labs unit, even as the company continues to ...

In recent days, Meta Platforms has outlined heavier spending on artificial intelligence, a planned cut of up to 30% in ...