The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...
The Daily Overview on MSN
Meta's $70B VR bet implodes and 1,500 workers are suddenly out of a job
Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 ...
Meta Platforms Inc. is laying off more than 1,000 employees, or roughly 10% of its Reality Labs division, as the tech giant ...
Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.
The cuts represent roughly 10% of the division's workforce and signal Meta's accelerating pivot away from its metaverse ...
Cryptopolitan on MSN
Meta slashes 1,000+ VR jobs, shuts studios as $70B metaverse dream crumbles
More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...
The publication noted that Reality Labs had roughly 15,000 employees, and the job cuts could impact over 1,000 people.
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 possibility ...
AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...
Wait, no more virtual sitting in a virtual chair, chatting with virtual people with a VR headset on, for hours? Bummer.
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...
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