According to Main Street Data, Meta’s Reality Labs reported an operating loss of $4.21 billion in Q1 2025. This represents a 9% year-over-year increase in losses, though it’s an improvement ...

Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday.

Below is a breakdown. Meta 10K 2024 Now, even though Reality Labs accounts for 1% of total revenue [TTM], the employee compensation in this segment accounts for a whopping 24.7% of the total in 2024.

According to Main Street Data, Meta’s Reality Labs segment saw its operating loss widen to $4.97 billion in Q4 2024, compared to $4.65 billion in the same period last year. In 2024, this segment ...

At the start of the year, the company announced plans to let go about 3,600 workers. In 2022 and 2023, Meta laid off 21,000 staffers as part of a cost-cutting initiative. Photo: Meta ...

Meta lays off Reality Labs staff, impacting Oculus Studios and VR fitness app Supernatural, while pursuing new hires and restructuring efforts.

Facebook parent Meta Platforms, Inc (NASDAQ: FB) is preparing cutbacks in its Reality Labs division to refocus on hardware products and the "metaverse," Reuters reports. Meta was not planning ...

Meta's Reality Labs division has lost nearly $50 billion in the last five years. Yahoo Finance spoke to several former employees about what's happening inside Mark Zuckerberg's virtual world.

Meta, on Thursday (April 24), laid off an unknown number of employees from its Reality Labs division, which includes employees working in Oculus studios, who are responsible for creating mixed ...

Meta, on Thursday (April 24), laid off an unknown number of employees from its Reality Labs division, which includes employees working in Oculus studios, who are responsible for creating mixed ...

Despite producing one of the best VR headsets around, the Quest 3, Meta's Reality Labs division just isn't making any money. Nearly $2 billion of revenue in 2023 was completely swallowed by $18 ...