Meta lays off metaverse employees after $73 billion in losses

The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

Meta Reduces Reality Labs Workforce While Pivoting to AI-Powered Glasses

Meta Platforms Inc. is laying off more than 1,000 employees, or roughly 10% of its Reality Labs division, as the tech giant ...

Meta Reportedly Cutting About 1,500 VR and AR Jobs Amid Renewed Push to Become an AI Juggernaut

AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...
Video Games Chronicle

Meta has closed several studios, including ‘Splosion Man studio Twisted Pixel and Asgard Wrath’s Sanzaru Games

Meta has closed several of its VR studios, according to developers who have announced they have been laid off. The New York ...
AOL

Oculus founder Palmer Luckey compares Facebook's metaverse to a 'project car,' with Mark Zuckerberg pursuing an expensive passion project that no one thinks is valuable

Luckey founded Oculus and sold it to Facebook for $2 billion in 2014. He wants the metaverse to be built, but says Facebook's current product Horizon is "not good." Still, Luckey sees the ...
NBC New York

What's next for Meta's metaverse

In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the ...