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Meta lays off Reality Labs staff, impacting Oculus Studios and VR fitness app Supernatural, while pursuing new hires and restructuring efforts.
Meta has laid off an unspecified number of employees in its Reality Labs division, a company spokesperson confirmed.
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.
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Meta layoffs strike again, impacting its Reality Labs divisionMeta is laying off teams in its Reality Labs division as a part of its restructuring efforts. The Reality Labs division includes employees working in Oculus studios, Meta's gaming wing.
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.
Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating ... California-based company confirmed layoffs had taken place but didn’t provide ...
Meta's core advertising business is thriving, with strong revenue growth and improved margins. Read why Reality Labs ...
Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact ...
Yet another risk is the antitrust trial Meta faces this year, which may result in it having to sell Instagram and/or WhatsApp ...
META remains one of my top stock picks with a strong buy rating, driven by robust profitability, operating leverage, and a ...
Meta layoffs in 2025 spark concern as Zuckerberg’s “intense year” targets 3,600 jobs. Are Meta job cuts in May 2025 next?
More than 15 companies laid off 23,468 employees in April, more than doubling the 8,834 job cuts reported in March.
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