Topic: meta layoffs
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Meta's VR Pullback Worries Experts
Meta's restructuring and layoffs in its VR division have raised concerns about market stability and the risks of over-reliance on a single dominant company for the industry's health. Experts criticize Meta's strategy, noting its focus on building social platforms over advancing XR technology, whi...
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The Metaverse Dream Is Fading
Meta is dramatically scaling back its metaverse ambitions after massive financial losses, shifting strategic focus and resources toward artificial intelligence due to a fundamental miscalculation of consumer demand and technology readiness. The initiative failed to gain mainstream traction due to...
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Meta Reportedly Cutting 10% of Reality Labs Workforce
Meta is laying off approximately 10% of its Reality Labs workforce, impacting over a thousand employees and signaling a strategic shift away from some VR and metaverse initiatives. The restructuring includes closing several VR development studios while specifically protecting teams working on aug...
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Meta shifts focus to wearables amid Reality Labs layoffs
Meta is reducing its Reality Labs workforce by 10% to reallocate investment from broader metaverse initiatives toward its wearables product line. The strategic pivot is driven by the commercial success of products like the Ray-Ban smart glasses, which have overshadowed virtual reality headsets. M...
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Meta Shuts Down Three VR Studios in Metaverse Cuts
Meta is laying off about 10% of its Reality Labs workforce and closing several VR game studios, including Twisted Pixel, Sanzaru, and Armature, as part of a strategic shift. The company is reallocating investment away from some metaverse software initiatives and toward the wearables market, such ...
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Meta to Cut Hundreds of Metaverse Jobs This Week
Meta is planning significant layoffs in its Reality Labs division, cutting about 10% of the workforce, as it strategically pivots resources from the metaverse toward artificial intelligence development. The restructuring follows internal warnings and reports of budget cuts, with the company's new...
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Supernatural VR Fitness Fans Furious After Meta Shuts It Down
Meta's decision to halt new content for the VR fitness app **Supernatural** has devastated its passionate user base, who relied on it for community, accessible exercise, and mental health. The app uniquely attracted an atypical demographic for VR—including many women and people over 50—by offerin...
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Meta Shifts Focus, Downsizes AI Research Team
Meta is cutting about 600 jobs in its Fundamental AI Research (FAIR) unit and shifting focus to its new superintelligence team, TBD Lab, to prioritize advanced AI initiatives. The layoffs follow a period of aggressive hiring and a $14.3 billion investment in Scale AI, with the company now restruc...
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Meta Announces Job Cuts in Reality Labs Division
Meta is implementing layoffs primarily within its Reality Labs division, specifically targeting teams at Oculus Studios and hardware projects. The restructuring includes the discontinuation of support for Supernatural, a VR fitness game acquired by Meta, with the company citing a desire to improv...
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