The Facebook maker has shut down 3 VR game studios and laid off 1,000 people to bolster its advance in AI and wearable tech.

Meta is laying off more than 1,000 workers, signaling a partial retreat from the company's much-derided metaverse ambitions.

The company is cutting more than 1,000 jobs from its Reality Labs division where employees work on its virtual reality and ...

The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on ...

Despite strong reviews and awards, Meta is ending new content for its Supernatural VR fitness app, as it cuts Reality Labs ...

Airbnb Inc. has hired a former Meta Platforms Inc. executive as its new chief technology officer, as the short-term rental ...

More than 1,000 Meta employees — the ones who brought you the metaverse — are now looking for work.

The roughly 1,000 job cuts in Reality Labs come as Meta reallocates resources from the metaverse to AI wearables and mobile ...

Meta has announced its "Meta Compute" initiative to build artificial intelligence infrastructure and oversee the social media ...

Meta will discontinue the metaverse for work on February 16th. This comes after it laid off around 10% of its entire Reality ...

Meta’s stock slid in after-hours trading on Wednesday after the tech giant posted strong third-quarter results but warned that its expenses will be significantly higher in 2026 than this year. Like ...

Meta is reportedly considering slashing spending on its metaverse division. Meta’s metaverse division works on the company’s vision for a shared, immersive digital universe where people can socialize, ...