Just over four years after Facebook changed its name to Meta, the company is scaling back its virtual reality ambitions. Meta is cutting about 10% of staff who focus on metaverse-related VR projects ...
Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised ...
Curran estimates that between 70% and 80% of all virtual reality revenue comes from the Meta store, meaning that the ...
Cuts expected to hit around 10% of Reality Labs' 15,000-strong workforce.
Millions of daily active users still play Roblox, an app that's over a decade old ...
While a flurry of VR studio cuts and closures in the last 12 months has painted a picture of a deeply struggling landscape ...
The jobcuts will impact about 10% of Meta’s hardware division, including teams working on Quest VR headsets and the Horizon ...
More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...
Meta has put the brakes on its virtual reality push, causing worry among developers who built their careers around the technology that once seemed central to the company’s future plans. The social ...
After Meta's clear-out, a new chapter begins for the VR industry. What happened, why, and what's next for Meta's VR division?
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 ...