Meta Begins Job Cuts as It Shifts From Metaverse to AI Devices

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to ...

Meta Shuts 3 VR Studios and Lays Off Hundreds of Devs as It Pivots From Virtual Reality and the Metaverse to AI

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

Meta is closing 3 VR studios and laying off roughly 10% of Reality Labs as it shifts focus from the metaverse to AI wearables, its next sure-fire, can't-miss idea

Meta chief technology officer Andrew "Boz" Bosworth said early in 2025 that the metaverse could be a "legendary misadventure" ...

Meta lays off more than 1,000 employees from metaverse division

A big shakeup at Reality Labs.
Blockonomi

Meta Stock: Company Dumps 1,500 Metaverse Jobs After $70B Loss

Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.
Retail TouchPoints

A Metaverse Action Prep Plan for Brands

You’ve been reading about the metaverse, and you aren’t sure what to do about it yet. Is it too early? Is it already too late? What level of investment is needed? Where will you find expertise?

Meta Reportedly Cutting About 1,500 VR and AR Jobs Amid Renewed Push to Become an AI Juggernaut

AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...
CoinTelegraph

Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express

Our weekly roundup of news from Asia curates the industry’s most important developments. Can the metaverse solve Japan’s “hikikomori” problem? Research and consulting firm Yuri Group estimates that ...
Destination CRM

What Happened to the Metaverse?

Neil Stephenson introduced the metaverse as a concept in his 1992 novel Snow Crash, where he depicted it as a digital realm where users, represented by avatars, engage in a simulated reality.