Meta burned $19 billion on VR last year, and 2026 won’t be any better
Earlier this month, Meta laid off 10% of the staff for Reality Labs, its virtual reality unit, reportedly…
Meta VR exec opens up after CEO Mark Zuckerberg cuts his dream team’s budget and laid off 1000+ employees: Can tell you personally that we…
Meta executive Dilmer Valecillos assures the public that the tech giant is not abandoning virtual reality, despite recent…
Meta Quest VR Gaming Future In Doubt As Meta Closes Studios
Meta’s Reality Labs is reportedly laying off up to 10 per cent of staff in cutbacks that now…
Meta refocuses on AI hardware as metaverse layoffs begin
As we expected, Meta has begun laying off more than 1,000 employees from its Reality Labs division, which…
Leaked Memo: Meta Plans Price Hikes for Its Virtual Reality Devices
Meta is planning to raise prices for its virtual reality devices, executives said in an internal memo seen…