Following reported plans to slash 30% of spending in its metaverse and wearables division, Meta has announced another round of Reality Labs job cuts, showcasing its increased investment in artificial ...

Meta Platforms Inc., an American multinational technology company, announced plans for a 10% workforce reduction in its Reality Labs division, aiming to reallocate funds to high-priority areas. In ...

(Bloomberg/Kurt Wagner) — Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the ...

Meta Platforms is planning cuts to the metaverse, an arena Chief Executive Mark Zuckerberg once called the future of the company. The proposed changes are part of Meta’s annual budget planning for ...

(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 ...

After years of failing to produce a profitable augmented reality platform, Mark Zuckerberg’s Meta is pounding one of the final nails into the coffin of its metaverse efforts — the ones that were once ...