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 ...
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Meta Reality Labs has long been a losing sector of Facebook’s business, and that hasn’t changed in the company’s latest quarter. Reality Labs lost $4.62 billion in Q2 2026, which was more than the ...
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. The Reality Labs unit has now accumulated ...
You're currently following this author! Click to unsubscribe from email alerts. Meta laid off an undisclosed number of employees in Reality Labs, its hardware and virtual reality division, this week ...
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 ...
Facebook (META) reported its Q2 2025 earnings today, and one of our time-honored traditions here at Shacknews is to look at how Reality Labs made out. As expected, the AR/VR segment lost a disgusting ...
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 ...
Meta Platforms' (NASDAQ: META) latest earnings report made one thing abundantly clear: the firm’s advertising business is by far its most important growth driver. That business is operating at a pace ...
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Meta's Reality Labs chief is calling the 'most important' meeting of the year, urging employees to show up in person
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 Platforms, Inc. (NASDAQ:META) earns enough from its apps to fund a business that loses billions of dollars each quarter.
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