Meta's multiyear push to dominate virtual reality has ended in a brutal reset. After Reality Labs piled up roughly $70 billion in losses, the company is slashing its metaverse ambitions, cutting ...

The job cuts come as the social media giant doubles down on AI and grapples with a big bet on the metaverse that didn’t pan out. The first Big Tech layoffs of 2026 have happened. This week, Facebook ...

Meta’s virtual reality ambitions continue to come at a steep cost. The company has revealed that Reality Labs, the division ...

Claims it's game over for Meta VR are overstated, says Oculus VR founder Palmer Luckey, following major layoffs and studio ...

The first VR service that Meta will shut down is called Horizon Workrooms. Introduced in 2021, it provides a virtual conference room that can be accessed using the Facebook parent’s VR headsets.

The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

Few believe Meta will abandon VR entirely, but many see an unmistakable pivot as resources move toward AI systems and devices ...

The layoffs come as Meta announces widespread layoffs across its Reality Labs division. The business is responsible for the ...

Mark Zuckerberg's vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us ...

Meta (META) may be pulling back even further from the metaverse it once bet its future on. Executives are discussing budget cuts of up to 30% at the company's metaverse division in 2026, according to ...

Meta's virtual reality unit, Reality Labs, suffered a staggering $19 billion loss last year, with no signs of improvement for ...