Meta Platforms Inc. is reportedly planning to cut about 10% of employees at its Reality Labs division as the company shifts its priorities to artificial intelligence. The New York Times, referencing ...

In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Meta is planning budget cuts and considering job cuts as part of that across its metaverse unit, ...

Meta began cutting hundreds of jobs on Wednesday across Reality Labs, Facebook, recruiting, sales, and global operations, according to people familiar with the matter and LinkedIn posts from affected ...

A majority of the workers laid off in the recent worker adjustment and retraining notification (WARN) filing stem from the company's "Reality Labs" division. California's WARN notice revealed that the ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Meta began laying off hundreds of employees across the company on Wednesday, according to a person ...