Meta guts virtual reality division amid mounting losses and fading hypeMeta has laid off over 100 employees from its Reality Labs division as part of a workforce recalibration for better performance and efficiency.
Meta Lays Off Some Employees Working on Virtual Reality | EntrepreneurMeta is downsizing its Reality Labs division, affecting teams behind the Quest headset and Supernatural app.
Meta's Reality Labs division beat nearly all its sales and user targets for 2024: internal memoReality Labs saw a 40% sales increase in 2024, marking a turnaround and strong positioning for future growth.
Meta's Reality Labs Unit Posts $5 Billion in Losses in Q4 2024Meta's Reality Labs has a significant operating loss of $60 billion since its inception, despite a strong overall revenue growth.
Meta lays off more than 100 employees across Reality Labs unitMeta is laying off over 100 employees in its Reality Labs division as part of a restructuring effort. Notably, some teams are being streamlined.
Facebook Has Lost $1 Billion Every Month On VR Since June 2022Meta's Reality Labs division lost over $3 billion in its last financial quarter, with ongoing expectations to continue losing billions on VR.
Meta guts virtual reality division amid mounting losses and fading hypeMeta has laid off over 100 employees from its Reality Labs division as part of a workforce recalibration for better performance and efficiency.
Meta Lays Off Some Employees Working on Virtual Reality | EntrepreneurMeta is downsizing its Reality Labs division, affecting teams behind the Quest headset and Supernatural app.
Meta's Reality Labs division beat nearly all its sales and user targets for 2024: internal memoReality Labs saw a 40% sales increase in 2024, marking a turnaround and strong positioning for future growth.
Meta's Reality Labs Unit Posts $5 Billion in Losses in Q4 2024Meta's Reality Labs has a significant operating loss of $60 billion since its inception, despite a strong overall revenue growth.
Meta lays off more than 100 employees across Reality Labs unitMeta is laying off over 100 employees in its Reality Labs division as part of a restructuring effort. Notably, some teams are being streamlined.
Facebook Has Lost $1 Billion Every Month On VR Since June 2022Meta's Reality Labs division lost over $3 billion in its last financial quarter, with ongoing expectations to continue losing billions on VR.
Mark Zuckerberg's Meta to invest in AI-powered humanoid robots to compete with Tesla, othersMeta is developing AI-powered humanoid robots through a new division in Reality Labs.The initiative aims to enhance its Llama AI platform capabilities.
As Reality Labs' Losses Keep Growing, Meta Platforms Should Take the Hint From Apple | The Motley FoolMeta's Reality Labs division is financially problematic, showing significant losses despite strong overall earnings.
Rare Bearish Meta Analyst Cuts Price Target, Says Tech Giant 'Starting To Look Vulnerable'BNP Paribas Exane analyst warns Meta Platforms is vulnerable to a potential growth slowdown, cutting the stock's price target.
Mark Zuckerberg's Meta to invest in AI-powered humanoid robots to compete with Tesla, othersMeta is developing AI-powered humanoid robots through a new division in Reality Labs.The initiative aims to enhance its Llama AI platform capabilities.
As Reality Labs' Losses Keep Growing, Meta Platforms Should Take the Hint From Apple | The Motley FoolMeta's Reality Labs division is financially problematic, showing significant losses despite strong overall earnings.
Rare Bearish Meta Analyst Cuts Price Target, Says Tech Giant 'Starting To Look Vulnerable'BNP Paribas Exane analyst warns Meta Platforms is vulnerable to a potential growth slowdown, cutting the stock's price target.
Meta to lay off 5% of employees in efficiency drive DW 01/15/2025Meta is laying off 3,600 employees as part of a strategy to raise performance standards and cut costs.
Meta is working on 'humanoid' robots tooMeta is developing hardware and software for humanoid robots capable of household chores, aiming for broader AI integration.Meta's new robotics team is focusing on creating foundational technology for robots rather than manufacturing them.
Meta Posts Strong Revenue Result in Q3Meta has 3.29 billion daily active users across its apps, showing slight growth in engagement.Meta invests heavily in AR, VR, and AI, but significant revenue hasn't yet materialized.
Meta is laying off employees at WhatsApp, Instagram, and moreMeta is making targeted layoffs across departments, signaling a shift to smaller reorganizations instead of mass layoffs.
Meta to lay off 5% of employees in efficiency drive DW 01/15/2025Meta is laying off 3,600 employees as part of a strategy to raise performance standards and cut costs.
Meta is working on 'humanoid' robots tooMeta is developing hardware and software for humanoid robots capable of household chores, aiming for broader AI integration.Meta's new robotics team is focusing on creating foundational technology for robots rather than manufacturing them.
Meta Posts Strong Revenue Result in Q3Meta has 3.29 billion daily active users across its apps, showing slight growth in engagement.Meta invests heavily in AR, VR, and AI, but significant revenue hasn't yet materialized.
Meta is laying off employees at WhatsApp, Instagram, and moreMeta is making targeted layoffs across departments, signaling a shift to smaller reorganizations instead of mass layoffs.