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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-04-25 06:43:41 UTC
Verified By
Rollup News
Meta has cut staff in its Reality Labs division, which focuses on VR, AR, and wearables, including Oculus Studios and the Supernatural VR workout app. This decision comes as Reality Labs lost nearly $5 billion last quarter, despite $1.1 billion in sales, indicating a tighter budget for Meta's metaverse ventures.
Job cuts in Meta's Reality Labs division.
Focus shift towards improving efficiency and future products.
Significant financial losses in Reality Labs despite sales.
Meta's metaverse gamble faces budget constraints.
Significant financial losses in Reality Labs.
Need to improve efficiency in VR/AR development.
Balancing metaverse ambitions with financial realities.