Meta plans Reality Labs budget cuts up to 30%, weighing job cuts amid metaverse losses and renewed focus on AI technology.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an ...

Cuts—and potential layoffs—could come as early as January 2026, and will see the company’s virtual reality group ...

Reports that Meta plans to slash its metaverse budget by as much as 30% have eased investor concerns around AI spending and ignited a rally ...

"Smart move, just late." The post Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company “Meta” appeared ...

Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading ...

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, ...

Zuckerberg once framed Metaverse as the “successor to the mobile internet." ...

Apple has secured a major win in the tech talent war, poaching Meta's chief legal officer, Jennifer Newstead, who recently ...

After years of pouring billions into virtual worlds that failed to take off, Meta is preparing to shrink its metaverse ...

Massive cuts loom as Meta pivots from virtual worlds to generative AI and smart glasses--investors are finally paying ...