gizmodo
Meta Lays Off 700 in Pivot From Metaverse to AI
Meta is laying off about 700 people at Facebook and its VR division reality Labs, according to a new report from CNBC. The layoffs come as Meta seeks to pivot away from its metaverse bet and lean more ...
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Meta shuts 3 VR studios and lays off hundreds of devs as it pivots from virtual reality and the metaverse to AI
Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 people. This includes the closure of a number of VR-first studios, such as ...
Meta spent billions to close offices and lay people off. Now we know why.
Mark Zuckerberg lost $16 billion on the Metaverse last year, but Meta investors are elated because job cuts and office closures led to huge profits.
AOL
Meta lays off hundreds more workers as Mark Zuckerberg pivots away from costly ‘metaverse’ push
Meta is laying off several hundred employees across key divisions — including Facebook and its Reality Labs unit — as it overhauls the company for the artificial intelligence era. The layoffs also ...