Meta is cutting over 100 positions within its Reality Labs division, which focuses on VR and AR technologies, aiming to consolidate efforts in software and hardware. The layoffs predominantly affect individuals working on VR software for Meta Quest headsets. Despite confirming the layoffs, Meta has not provided specific numbers. The restructuring is reportedly intended to enhance efficiency in developing future mixed-reality experiences. Notably, the division has lost nearly $50 billion over four years, raising questions about its financial sustainability.
"Some teams within Oculus Studios are undergoing shifts in structure and roles that have impacted team size. These changes are meant to help studios work more efficiently on future mixed-reality experiences."
"In June 2024, it was reported that Reality Labs had lost nearly $50 billion over the course of the previous four years."
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