(Bloomberg/Kurt Wagner) — Meta Platforms Inc. plans to cut 10% of jobs in the company’s Reality Labs division, part of a broader strategy to shift money away from some virtual reality products and ...

A company that says it invested $250,000 in a nonfungible token project in return for a business opportunity and a share of revenue has sued basketball legend Earvin “Magic” Johnson and the project’s ...

Meta Inc. is beginning to cut 10% of employees, or more than 1,000 jobs, from its Reality Labs division as it shifts its investment away from metaverse products. "We said last month that we were ...

Meta is shifting Horizon Worlds away from VR and focusing almost entirely on mobile to reach a much larger audience.

Meta is dialing back its virtual world and betting big on something you can actually wear on your face. The company is cutting more than 1,000 jobs in its Reality Labs division, the group behind its ...

According to Bloomberg, Meta is cutting 30% of its metaverse budget. Its Reality Labs division is on track to lose close to $20 billion. Layoffs in 2022 helped ignite a boom in the stock. 10 stocks we ...

Meta is laying off more than 1,000 workers, signaling a partial retreat from the company's much-derided metaverse ambitions. The layoff, the Bay Area tech industry's first big job cut of 2026, was ...

The first Big Tech layoffs of 2026 have happened. This week, Facebook owner Meta Platforms informed employees that up to 1,500 positions in its Reality Labs division would be eliminated. Here’s what ...