Meta is preparing to cut about 1,500 employees from its Reality Labs division — roughly 10% of the unit’s 15,000-person workforce — as early as this week as the company pivots hard toward artificial ...

Meta has put the brakes on its virtual reality push, causing worry among developers who built their careers around the technology that once seemed central to the company’s future plans. The social ...

SAN FRANCISCO — Meta plans to cut about 10% of the employees in its Reality Labs division who work on products including the metaverse, according to three people with knowledge of the discussions, as ...

In its second-quarter earnings report on Wednesday, Meta said Reality Labs generated revenue of $431 million, up from $370 ...

Meta poured billions into its VR and metaverse efforts. It even renamed the company after it. But after the recent round of cuts and product pullback, Meta's CTO acknowledge that the industry was ...

Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the VR industry. "The market has spoken," said Jitesh Ubrani, an analyst for ...

As Meta continues to shift its business model away from developing the metaverse and toward building an artificial intelligence platform, the company confirmed plans to lay off hundreds of employees ...

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