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

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

Almost five years later, that bet has become one of the most expensive misadventures in tech. Meta’s Reality Labs division ...

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

Meta is reportedly slashing its Metaverse budget by up to 30% for 2026, signaling a potential shift away from its ambitious ...

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 ...

Meta is planning to slash the budget of the Metaverse team, but still remains focused on hardware like AI glasses.

Meta is preparing to slash up to £52 billion from its Metaverse budget as Mark Zuckerberg shifts Facebook's parent company ...

Meta cuts 30% of its metaverse budget, shifting focus to AI, wearables, and profitable ventures like smart glasses, after ...

Meta has reached deals to pay Fox News, CNN and several other news publishers in exchange for using their articles in its AI ...

Meta buys Limitless, an AI wearable pendant startup, to boost its smart device and AI ambitions. Learn how this acquisition ...