Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of dollars in losses and wiped out a huge chunk of shareholder value, the company ...
Following reported plans to slash 30% of spending in its metaverse and wearables division, Meta has announced another round of Reality Labs job cuts, showcasing its increased investment in artificial ...
The filings, which are mandatory when a company cuts more than 50 people from one site, provide new detail to the layoff of more than 1,000 workers that Meta announced Jan 13. The company has slashed ...