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 cuts metaverse budget by 30% after losing over $70B since 2021. With AI spending set to surge in 2026, should investors ...

Meta's AI overhaul, culture shifts, layoffs, and performance crackdowns have sparked internal clashes, employee exits, and ...

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

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

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

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

Layoffs could affect 5 percent of the workforce as its CEO seeks to “raise the bar on performance management,” according to a memo viewed by The Post.

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

SEATTLE - Dozens of employees will be laid off in the greater Seattle area as Facebook's parent company Meta reorganizes their artificial intelligence operations. The layoffs come just days before the ...

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