Meta is preparing one of its most dramatic restructurings since it rebranded from Facebook, with plans to cut about 1,500 employees from its Reality Labs division while Mark Zuckerberg pours more ...

Meta's Chief Technology Officer and head of Reality Labs, Andrew Bosworth, has called an all-hands meeting for January 14, describing it as the "most important" of the year. Bosworth is also strongly ...

Meta plans to slash around 10% of its Reality Labs business, according to The New York Times, its latest round of layoffs that will reduce the number of employees developing its virtual reality ...

Meta Platforms Inc. is reportedly planning to cut around 10% of employees at its Reality Labs division as the company shifts its priorities to artificial intelligence. The New York Times, referencing ...

Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 billion in losses, the company is slashing its metaverse ambitions, cutting ...

Despite ongoing losses, Reality Labs reported a 29% revenue increase in the third quarter. Expenses also rose by 19% year-over-year to $4.7 billion, largely due to higher staff-related costs and ...

Meta laid off employees in Reality Labs amid restructuring efforts in hardware and VR. The layoffs affected Oculus Studios and Supernatural, Meta's VR gaming and fitness apps. Meta's Reality Labs ...

Meta continues to sink money into the metaverse, anchored by virtual reality and augmented reality technologies. The company reported a third-quarter loss for the business on Wednesday of $4.4 billion ...

Meta Platforms lost a stunning $4.4 billion on Reality Labs in the third quarter. Meanwhile, Apple is cutting back on production of its Vision Pro headset. The metaverse seems essentially dead, and ...

Meta reported the latest Meta Reality Labs figure as part of its Q1 2026 earnings report. The most interesting item here is ...

Meta's Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money. The social media company reported its second-quarter earnings on Wednesday and revealed that ...