The first Big Tech layoffs of 2026 have happened. This week, Facebook owner Meta Platforms informed employees that up to 1,500 positions in its Reality Labs division would be eliminated. Here’s what ...
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A decade after buying Oculus VR, Meta's Reality Labs' losses are spiralling out of control, with no end in sight
Despite producing one of the best VR headsets around, the Quest 3, Meta's Reality Labs division just isn't making any money. Nearly $2 billion of revenue in 2023 was completely swallowed by $18 ...
Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...
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