Meta Platforms' losses on its Reality Labs division have continually risen over the years. Now, the company is also spending ...

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 ...

Meta's Reality Labs faced layoffs and $4.2 billion in losses, raising questions about the future of its metaverse ambitions and VR projects.

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. The job cuts affect ...

Reality Labs, Meta’s XR division formed in 2020, is now being reorganized into two distinct groups, ... He was primarily pushing for 360 and 180 videos and photos, ...

Thankfully, boy child Mark is cutting Reality Labs expenses and will pull the plug within 24 months… No one invests on a dream that’s a decade or two out…especially when the tech is known ...

Reality Labs aside, Meta had a strong quarter, reporting $40.1 billion to close out 2023, bringing its total revenue for the year to just under $135 billion. Facebook’s user base also grew to 2. ...

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.

Key Challenges and Opportunities Facing Meta’s Reality Labs. Starting off with the negatives, Meta’s Reality Labs segment has not grown impressively. Revenues in 2024 are down slightly from 2022.