People love to poke fun at the failures of the VR industry, but if you look a little more closely, you'll find a vibrant ...

Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 positions as the tech giant pivots decisively away from its ambitious metaverse ...

Few believe Meta will abandon VR entirely, but many see an unmistakable pivot as resources move toward AI systems and devices ...

Meta’s virtual reality ambitions continue to come at a steep cost. The company has revealed that Reality Labs, the division ...

Meta has closed three video game studios with Austin roots this week, dealing a sudden blow to the city’s small but lively virtual reality development scene. Dozens of developers were laid off, and ...

Meta (META) may be pulling back even further from the metaverse it once bet its future on. Executives are discussing budget cuts of up to 30% at the company's metaverse division in 2026, according to ...

The filings, which are mandatory when a company cuts more than 50 people from one site, provide new detail to the layoff of more than 1,000 workers that Meta announced Jan 13. The company has slashed ...

Meta's virtual reality unit, Reality Labs, suffered a staggering $19 billion loss last year, with no signs of improvement for ...