Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the ...

A big shakeup at Reality Labs.

Several of Meta's VR studios have been affected by the company's metaverse-focused layoffs. The company has shuttered three ...

The job cuts come as the social media giant doubles down on AI and grapples with a big bet on the metaverse that didn’t pan ...

When Mark Zuckerberg rebranded Facebook to Meta (META) in October 2021, the founder and CEO presented the name change as the ...

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...

MENLO PARK, Calif. -- For those who don't think Zoom meetings are a good enough substitute for the real thing, Facebook has another idea: a virtual reality app that lets you and your coworkers feel ...

Mark Zuckerberg’s vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us ...

The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

Meta, the parent company of Facebook and Instagram has laid off over a thousand staff from its Reality Labs division, ...

Meta said it's shutting down Workrooms in February, deleting user data as Reality Labs faces layoffs and the company ...

More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...