Meta's Reality Labs faced layoffs and $4.2 billion in losses, raising questions about the future of its metaverse ambitions ...

Meta reported a $4.2 billion operating loss in its Reality Labs unit for the first quarter, continuing its ...

In its first-quarter earnings report on Wednesday, Meta said its Reality Labs unit recorded an operating loss of $4.2 billion ...

Meta Platforms Inc. is cutting jobs at its Reality Labs unit, which makes the company’s Quest mixed reality headsets and the ...

Forrester Research analyst Mike Proulx said in an email that he sees Meta's Reality Labs business as a "leaky bucket," as its losses continue to grow, while revenue declined in the quarter. Meta's ...

Meta lays off Reality Labs staff, impacting Oculus Studios and VR fitness app Supernatural, while pursuing new hires and restructuring efforts.

Meta is going to be under pressure to cut costs in a slower digital ad environment, to adjust to the new economic reality. Jefferies analyst Brent Thill believes that Meta could make further cuts in ...

Meta has laid off an unspecified number of employees in its Reality Labs division, a company spokesperson confirmed.

Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating virtual reality ...

Social media company Meta (META) is cutting jobs in Reality Labs, the division behind its Quest headsets and Metaverse push.

Meta Platforms’ Reality Labs division recorded an operating loss of $4.2 billion in Q1 while bringing in $412 million in ...

Meta has laid off employees in its Reality Labs division that is tasked with developing virtual reality, augmented reality ...