Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 ...

Wait, no more virtual sitting in a virtual chair, chatting with virtual people with a VR headset on, for hours? Bummer.

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

Meta is slated to layoff around 10 percent of staff at its Reality Labs XR division, a New York Times report maintains, as ...

Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.

Mark Zuckerberg's idea of immersive virtual worlds where people live, work and socialise hasn’t taken off with mainstream ...

Meta's metaverse strategy was flawed from the jump. Zuckerberg overhyped what consumers could expect from the move, ...

Meta is laying off 1,500 Reality Labs employees, shifting focus from the metaverse to AI-powered wearables like the Ray-Ban ...

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 out.

While Meta is now throwing billions at AI like all other companies in Silicon Valley, it has not yet abandoned its last great crusade, the idea that it would build an online metaverse, something it ...

DENVER (Jan 13): Meta Platforms Inc is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part ...

eSpeaks’ Corey Noles talks with Rob Israch, President of Tipalti, about what it means to lead with Global-First Finance and how companies can build scalable, compliant operations in an increasingly ...