Meta reportedly plans to eliminate 10% of the jobs in its Reality Labs unit. That’s according to a report Monday (Jan. 12) by Bloomberg News, which characterizes the move as part of a larger plan by Meta to reduce its focus on virtual reality products...
Just a few years ago, the metaverse looked like the next platform shift, promising immersive digital worlds where people would live, work and transact at scale. Today, Meta’s virtual universe is not dead but it certainly has shrunk and left is a sobering record of...
Meta executives are reportedly considering cutting as much as 30% of the budget of the company’s metaverse group amid a shift of resources toward artificial intelligence. The proposed cuts are part of Meta’s annual budget planning for 2026, and they could lead to layoffs as...
Meta is establishing a new creative studio in its Reality Labs division and has hired longtime Apple design executive Alan Dye to lead it. Mark Zuckerberg, CEO at Meta, announced these moves in a Wednesday (Dec. 3) post on Threads. The new studio will “define...
August 20, 2025
Remember the metaverse? Two decades into the 21st century, Big Tech’s largest firms suddenly decided to spend hundreds of billions of dollars and countless hours of technical resources on building avatars without legs wandering through sterile virtual office spaces. At the same time, investors poured their own billions into platforms promising to replace Zoom fatigue […]
June 17, 2024
As innovative technologies become more commonplace, the opportunity to unlock value becomes more accessible. And with the news Friday (June 14) that industrial metaverse company DataMesh raised a new funding...
May 29, 2024
Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. In an interview with PYMNTS following the retailer’s launch of gamified marketplace...
January 31, 2024
As technology advances, the metaverse is growing, offering immersive experiences, social connectivity, and economic opportunities. Embracing the same sentiment, Spanish retailer Mango has entered the realm of Roblox, solidifying its...
January 14, 2026
Meta reportedly laid off 1,500 people from its Reality Labs division, which is the home of its virtual and augmented reality business. The layoffs amount to 10% of the division’s staff, The Wall Street Journal (WSJ) reported Wednesday (Jan. 14). “We said last month that we were shifting some of our investment from Metaverse toward […]
January 13, 2026
Meta reportedly plans to eliminate 10% of the jobs in its Reality Labs unit. That’s according to a report Monday (Jan. 12) by Bloomberg News, which characterizes the move as...
December 04, 2025
Meta executives are reportedly considering cutting as much as 30% of the budget of the company’s metaverse group amid a shift of resources toward artificial intelligence. The proposed cuts are...
December 03, 2025
Meta is establishing a new creative studio in its Reality Labs division and has hired longtime Apple design executive Alan Dye to lead it. Mark Zuckerberg, CEO at Meta, announced...
