Reality Labs
virtual reality technology subsidiary of Meta Platforms (formerly Oculus VR)
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business Mar 25, 2026, 4:47 PM
Meta lays off hundreds as restructuring impacts multiple divisions - Meta implemented substantial layoffs impacting hundreds of employees across five divisions, including its Reality Labs.
- The company attributed these layoffs to a necessary restructuring aimed at optimizing its workforce to meet changing strategic goals.
- The layoffs reflect Meta's shift towards investing more in artificial intelligence while facing significant financial losses.
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technology Dec 4, 2025, 10:28 PM
Meta shifts focus from metaverse to AI technology amid budget cuts - Meta has announced a strategic realignment by redirecting funds from metaverse projects towards AI-powered glasses and wearables.
- The proposed budget cuts could amount to a 30% reduction in the metaverse group, with potential layoffs by January 2026.
- The company's shift reflects investors' relief over scaling back losses from the metaverse initiative, while aiming for more promising ventures in AI technology.
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2026 All rights reserved
2026 All rights reserved