The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.

Mark Zuckerberg says there's an end in sight to Reality Labs' years of multibillion-dollar losses following the company's ...

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

A big shakeup at Reality Labs.

The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

The post Meta Ditches the Metaverse for Smart Glasses After $70B Reality Labs Loss appeared first on Android Headlines.

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

Meta is reportedly planning massive budget cuts, potentially up to 30%, for its loss-making Metaverse division, Reality Labs. Following over $70 billion in losses, the company is shifting resources ...

Meta Platforms (META) laid off 1,500 workers from its reality segment last week, as reported by the Wall Street Journal.

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) recently made cuts to its metaverse division, Yuanjing, as part of a broader trend of tech companies scaling back their investments ...