"Meta's major investment in Metaverse has not been a great success, and recently more than 1,000 people working on the project were laid off."
"The latest news is that the social VR platform Horizon Workrooms will be shut down on February 16, according to a support document on Meta's website."
"At the same time, sales of the Meta Quest VR headset and associated software for business users will cease, reports The Verge."
Meta's major investment in the metaverse has underperformed, resulting in the layoff of more than 1,000 employees who worked on the project. The social VR platform Horizon Workrooms is scheduled to shut down on February 16. Sales of the Meta Quest VR headset and associated business software will cease. These actions represent a significant scaling back of Meta's enterprise VR and metaverse initiatives, reducing commercial offerings and support for workplace-focused virtual-reality products and signaling a reorientation of company priorities away from those investments.
Read at Computerworld
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