Cuts expected to hit around 10% of Reality Labs' 15,000-strong workforce.

Sarah has been a writer all her life, and spent several years as a successful ghostwriter for numerous websites prior to becoming an editor and contributor for GameRant in 2015. She kicked off her ...

With more companies jumping on the bandwagon, virtual reality tech is more visible – and investable – than ever.

Meta (META) is reportedly cutting at least 10% of its metaverse staff as it continues to shift resources to developing artificial intelligence capabilities, according to sources cited by The New York ...

Meta confirmed on Thursday that it had let go of an unspecified number of employees in its VR and hardware unit, Reality Labs. The cuts also affected Meta’s virtual reality fitness app, Supernatural.

Facebook parent Meta Platforms put profit from its virtual-reality platform over safety, two former researchers told a Senate panel on Tuesday. Former Meta user experience researcher Cayce Savage said ...

In its second-quarter earnings report on Wednesday, Meta said Reality Labs generated revenue of $431 million, up from $370 million a year earlier, while its operating loss widened from $4.53 billion a ...

Meta CTO Andrew “Boz” Bosworth, who was one of the company’s first 15 engineers, published a memo earlier this year forecasting that 2025 could be the year of greatness for Reality Labs, the company’s ...

An in-depth look at the leading virtual reality companies' stocks in the U.S. stock market this year. Here's what you need to ...

Meta's virtual reality ambitions got a Christmas boost this year. On Christmas Day, the company's Meta Horizon app, which users must download to set up the Quest virtual reality headsets developed by ...

Meta has laid off employees in its Reality Labs division that is tasked with developing virtual reality, augmented reality and related wearable devices. The cuts affected an unspecified number of ...