Few believe Meta will abandon VR entirely, but many see an unmistakable pivot as resources move toward AI systems and devices ...
As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...
Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in ...
Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised ...
Meta executive Dilmer Valecillos assures the public that the tech giant is not abandoning virtual reality, despite recent ...
Claims it's game over for Meta VR are overstated, says Oculus VR founder Palmer Luckey, following major layoffs and studio ...
Meta trims Reality Labs workforce as slower VR adoption pushes the company to refocus investments on wearables and practical ...
Meta is reducing its virtual reality workforce and closing studios. This move comes as VR headset sales have not met expectations. The company is reallocating resources from VR projects to focus on ...
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Meta CTO backs layoffs, says need to make sure investment is right-sized
Meta CTO Andrew Bosworth says slower VR adoption has forced the company to cut jobs and scale back parts of its metaverse push while keeping investments focused on areas with clearer growth.
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The layoffs come as Meta announces widespread layoffs across its Reality Labs division. The business is responsible for the company's virtual and augmented reality technology.
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