Documents previously obtained by Business Insider showed that performance-based cuts affected at least 560 employees who worked in Meta's Reality Labs. Nearly half were on Meta's Horizon team.

Meta reported a $4.2 billion loss in Reality Labs, totaling over $60 billion since 2020. Reality Labs faced layoffs and struggles with declining revenue and underperforming Quest sales.

Meta's global headcount stood at 74,067 as of December 31, 2024. Reality Labs, which oversees the development and marketing of the Quest headset line, incurred a loss of $5 billion in the fourth ...

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.

Facebook (META) Reality Labs lost $17.7 billion in 2024 The Reality Labs division put up losses of $4.97 billion in Q4 2024 alone. TJ Denzer January 29, 2025 2:30 PM Image via Getty Images ...

Reality Labs is Meta’s long-term bet on the future of virtual and augmented reality (VR/AR), which lost $18 billion in 2024.

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 ...