
Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact employees within Oculus Studios, which develops apps and games for Meta’s Quest headsets. Reality Labs has been a massive cost for Meta, losing almost $5 billion in the last quarter of 2024 while generating about $1 billion in sales. Meta has reported billions of dollars in operating losses on Reality Labs each year since rebranding from Facebook and emphasizing its commitment to the “metaverse.”
https://techcrunch.com/2025/04/24/meta-conducts-layoffs-in-oculus-studios-impacting-vr-exercise-app-supernatural/?utm_source=dlvr.it&utm_medium=mastodon