Buzz60 on MSN

Meta cuts 1,000 jobs, shuts 3 VR studios after $70B metaverse losses

Meta Platforms has initiated sweeping workforce reductions across its Reality Labs division, cutting more than 1,000 ...
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 Plans to Cut 10% of Jobs at Company’s Reality Labs Division

Meta Platforms Inc. plans to cut 10% of jobs in the company’s Reality Labs division, part of a broader strategy to shift ...

Meta Plans 10% Reality Labs Job Cuts This Week

Meta is preparing layoffs in its Reality Labs unit as it shifts spending away from some VR products toward AI wearables.
Blockonomi

Meta Stock: Company Dumps 1,500 Metaverse Jobs After $70B Loss

Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.

Meta began 2026 with a sharp cut of over 1,000 Reality Labs jobs – are Facebook or Instagram affected, or is Apple and Google’s AI wearables competition responsible?

Meta began 2026 with a major workforce reset, cutting over 1,000 jobs from its Reality Labs division. The layoffs, affecting nearly 10% of the unit, started on January 13 and mark the first big Bay ...