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

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Meta lays off employees in its VR gaming wing, Reality Labs, as part of its restructuring efforts.

Citing major investments in AI infrastructure and the loss-making Reality Labs, CFO Susan Li told investors to expect operating expense and capital expenditure to rise significantly in 2025.

Forrester Research analyst Mike Proulx said in an email that he sees Meta's Reality Labs business as a "leaky bucket," as its losses continue to grow, while revenue declined in the quarter.

Meta Platforms Inc. is cutting jobs at its Reality Labs unit, which makes the company’s Quest mixed reality headsets and the software that powers them.

The team will operate within Meta's Reality Labs unit, which has a large Seattle-area presence.

Jefferies analyst Brent Thill believes that Meta could make further cuts in its money-losing Reality Labs business, where it has reportedly already cut 100 jobs, according to Bloomberg.

Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating virtual reality and wearable devices, according to a person familiar with the matter.

Meta has laid off employees in the company’s Reality Labs division that is tasked with developing virtual reality, augmented reality and wearable devices.