Metaverse
Meta Stock Shrugs as It Cuts Metaverse Jobs. The Facebook Parent Pivots to This.
Meta stock was rising slightly. The Facebook parent is accelerating its pivot away from virtual reality, just over four years after changing its name.
Metaverse
Metaverse
Meta confirms 1,500 jobs cut in metaverse arm Reality Labs: WSJ
About 10% of Meta’s metaverse unit is affected as the company shifts investment towards AI-powered wearables.
Metaverse
Meta Lays Off 1,500 People in Metaverse Division
The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.
Metaverse
Meta closes three VR studios following 10% cut to Reality Labs metaverse division
Meta has shuttered three VR studios following a 10% cut to its Reality Labs metaverse arm. As Bloomberg reports, an internal memo announced the closures of Twisted Pixel Games (Marvel’s Deadpool VR), Sanzaru Games (Asgard’s […]
