Meta lays off metaverse employees after $73 billion in losses

The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

Meta lays off more than 1,000 employees from metaverse division

More than 1,000 Meta employees — the ones who brought you the metaverse — are now looking for work.

Meta refocuses on AI hardware as metaverse layoffs begin

Meta has begun a massive set of layoffs in its reality Labs Division, as the company refocuses on developing AI-powered ...
Kotaku

Facebook Has Lost $1 Billion Every Month On VR Since June 2022

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...
GamesIndustry.biz

Meta reportedly set to cut 10% of staff in Reality Labs metaverse arm

Meanwhile, CTO Andrew Bosworth has urged workers in the division to attend in-person meeting, said to be "most important" of ...

Facebook owner cutting jobs

That rivalry never materialised, and the metaverse hasn’t taken off in the way that chief executive officer Mark Zuckerberg ...