The Verge

Meta plans to lay off hundreds of metaverse employees this week

After reports of budget cuts, the Reality Labs team is now facing job cuts, too. After reports of budget cuts, the Reality Labs team is now facing job cuts, too. is a news writer covering all things ...
AOL

4 Years After Going All-In, Meta Platforms Is Finally Ditching the Metaverse

Meta Platforms (META) is preparing to cut metaverse investments by up to 30% in 2026 after Reality Labs lost $60B since 2020. Meta froze AI division hiring in August amid restructuring despite ...
Hosted on MSN

4 years after the push, Meta finally walks away from the metaverse

Meta spent the past four years trying to convince Wall Street and ordinary users that a future of virtual offices, legless avatars, and bulky headsets was worth tens of billions of dollars. Now the ...

Nobody mourns the metaverse: What went wrong with Zuckerberg's vision and what is next for VR?

After changing its name and going all-in on virtual reality, Meta is scaling back its metaverse operations. But that could be a good thing for VR, experts tell Euronews Next. View on euronews ...
Benzinga.com

Weekend Round-Up: Metaverse Cuts, EU's Antitrust Probe, Netflix's Massive Acquisition And More

This week was a whirlwind of tech and media news, with major developments from Meta Platforms, Netflix Inc., and Amazon.com. From Meta’s potential metaverse budget cuts to Netflix’s massive ...

Meta's CTO said the metaverse could be a 'legendary misadventure' if the company doesn't boost sales, leaked memo shows

In a leaked memo obtained by BI, Meta's CTO called 2025 "the year of greatness" and the "most critical" year for the ...