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

(Bloomberg/Kurt Wagner) — Meta Platforms Inc. plans to cut 10% of jobs in the company’s Reality Labs division, part of a broader strategy to shift money away from some virtual reality products and ...

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 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 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 ...

In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.

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 ...

Facebook parent company Meta has once again posted disappointing results for its metaverse-focused Reality Labs division, with little in the way of revenue compared to the mounting operational losses ...