The division has lost over $77 billion since its inception in 2020. The post Meta Lays Off Thousands of VR Workers as Zuckerberg’s Vision Fails appeared first on Futurism.
Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised ...
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Meta layoffs today: Facebook parent is slashing hundreds of workers from Reality Labs VR division
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. The first Big Tech layoffs of 2026 have happened. This week, Facebook ...
Tech Xplore on MSNOpinion
What Mark Zuckerberg's metaverse U-turn means for the future of virtual reality
Mark Zuckerberg's vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us ...
In 2021, Meta Platforms (NASDAQ: META) was so convinced of the potential in the metaverse that it not only invested heavily ...
There's a lot for investors to like about Meta in 2026.
That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.
The Virtual, Augmented, and Mixed Reality market is at a transformative juncture, evolving from niche applications to mainstream consumer and enterprise use, reshaping industries such as gaming, ...
As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...
The layoffs come as Meta announces widespread layoffs across its Reality Labs division. The business is responsible for the ...
Should investors still be buying Meta's stock?
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