The Daily Overview on MSN
Meta's $70B VR bet implodes and 1,500 workers are suddenly out of a job
Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 ...
Meta said it's shutting down Workrooms in February, deleting user data as Reality Labs faces layoffs and the company ...
The company has laid off some 1,500 virtual reality developers as part of a broader shift toward AI wearable devices.
Oculus founder Palmer Luckey said Meta's VR cuts targeted subsidized game studios that were crowding out developers and ...
Meta, which operates social media platforms Instagram and Facebook, is rethinking its investments after a group of its ...
The first VR service that Meta will shut down is called Horizon Workrooms. Introduced in 2021, it provides a virtual ...
Wait, no more virtual sitting in a virtual chair, chatting with virtual people with a VR headset on, for hours? Bummer.
Reality Labs, the business behind Meta’s Meta Quest headsets and Ray-Ban Smart Glasses, has roughly 15,000 employees.
Meta Platforms Inc. plans to cut 10% of jobs in the company’s Reality Labs division, part of a broader strategy to shift ...
Meta’s 2026 layoffs hit Reality Labs, closing VR studios and flooding LinkedIn with #OpenToWork posts amid strategic shifts.
The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on ...
The VR dream is dead, but AR glasses may still force us to work two inches from our screens. We were never going to work in ...
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