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

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

Jeff Nicholas, the former creative director at Yuga Labs for the Bored Apes Yacht Club (BAYC), has expressed his excitement on X, noting that he will join Meta’s Reality Labs as an executive ...

There was so much growth across nearly every area of Meta’s business (with the exception of Reality Labs, its R&D division for the metaverse, which lost $3.7 billion in Q2) that Q2 was actually rather ...

However, with the stock price arguably getting stretched and growth in the advertising business slowing, investor attention turned to the company's spending in its Reality Labs division ...

But analysts were also concerned about Meta's spending - and wide operating losses - on its Reality Labs business, which was developing its vision for the Metaverse, as well as alternate-reality ...

Meta (META)’s Reality Labs is still bleeding cash. The division, which focuses on the company’s AR, VR, and metaverse initiatives, reported a loss of $4.48B in its Q2 earnings on Wednesday.

Meta Platforms Inc. META has confirmed layoffs across multiple teams, including Instagram, WhatsApp, and Reality Labs. What Happened: Meta has confirmed that several teams within the company ...

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 Facebook parent announced the layoffs ...

Meta’s Reality Labs is undergoing its biggest restructuring in years by separating into two orgs: Wearables and Metaverse. A small number of employees have been laid off as a result. Meta’s ...

The company told employees at its Reality Labs division to stop work on the device this week after a product review meeting, the report said citing two Meta employees. The axed device was ...