Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the ...

Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 ...

The division has lost over $77 billion since its inception in 2020. The post Meta Lays Off Thousands of VR Workers as ...

Several of Meta's VR studios have been affected by the company's metaverse-focused layoffs. The company has shuttered three ...

Claims it's game over for Meta VR are overstated, says Oculus VR founder Palmer Luckey, following major layoffs and studio ...

Meta may have scrapped its Horizons Worlds platform, but new spaces are emerging where companies can gather unprecedented insights on customer behavior and intention.

Meta will also no longer sell its headsets and software as a service for businesses, another help page reads: “We are ...

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

Meta's Reality Labs division, long the epicenter of its metaverse ambitions, has now claimed over $73 billion in losses since ...

Oculus founder Palmer Luckey said Meta's VR cuts targeted subsidized game studios that were crowding out developers and ...

A big shakeup at Reality Labs.

Meta acquired Supernatural developer Within in 2023 (after a fight with the FTC), Twisted Pixel and Armature in 2022, and ...