Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised ...

The division — which employs roughly 15,000 people — has a strong presence in the Seattle area and is responsible for the company's "metaverse" technologies that work in conjunction with augmented and ...

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

The company's Reality Labs division--which comprises virtual and augmented reality consumer hardware, software, and ...

Meta's Q4 2025 was the company's strongest quarter yet, ending an impressively successful financial year but raising questions about 2026 spending.

More than 330 employees are expected to be laid off by March 20 in Washington state, according to a 60-day notice.

Meta plans to cut employees in its Reality Labs division, which includes metaverse products, as the company shifts priorities to build next-generation AI.

The company's market capitalization has escalated by roughly $173 billion during the last 5 days and now sits at $1.7 trillion.

The VR dream is dead, but AR glasses may still force us to work two inches from our screens. We were never going to work in virtual reality. Anybody who ever plugged their noggin into a headset and ...

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.

That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.

In 2021, Meta Platforms (NASDAQ: META) was so convinced of the potential in the metaverse that it not only invested heavily ...