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

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...

Meta will also no longer sell its headsets and software as a service for businesses, another help page reads: “We are ...

Meta is laying off more than 1,000 employees as it scales back its metaverse ambitions and redirects investment toward ...

Meta's pullback from the metaverse and renewed AI focus sent its stock lower, drawing attention to communication services and ...

According to MarketsandMarkets™, the global Metaverse Market size is expected to grow from USD 83.9 Billion in 2023 to USD ...

Meta has begun a massive set of layoffs in its reality Labs Division, as the company refocuses on developing AI-powered ...

Although issues such as the cost of hardware, the bulkiness of VR headsets and a lack of interoperability between ...

Meta has announced the discontinuation of its work-oriented metaverse, Horizon Workrooms, effective from February 16, 2026.

Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.

Meta’s Reality Labs team is expected to lose around 10 percent of its staff, with layoffs concentrated on the division’s ...

Meta announced it’s discontinuing Horizon Workrooms next month, its productivity-focused VR platform, marking another step in ...