Meta plans Reality Labs budget cuts up to 30%, weighing job cuts amid metaverse losses and renewed focus on AI technology.

Meta has announced 30% budget cuts to its metaverse plans for 2026, expecting to reduce operating costs with regard to the ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people ...

Meta is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday, citing ...

In November 2022, Meta said it was laying off 11,000 employees, or 13% of its workforce, a move that helped kick off a ...

Meta Platforms is reportedly planning to cut its metaverse budget by 30% next year, potentially leading to layoffs within the ...

While Facebook rebranded as Meta to focus on the metaverse, the technology has not achieved the widespread adoption that the ...

Meta cuts—and potential layoffs—could come as early as January 2026, and will see the company's virtual reality group ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an ...

Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading ...