Topic: reality labs
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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's Metaverse Moves Beyond Virtual Reality
Meta is pivoting its Horizon Worlds platform to become "almost exclusively mobile," decoupling it from VR hardware to pursue a larger audience and compete with platforms like Roblox. This strategic shift follows massive financial losses in Meta's Reality Labs division, nearing $80 billion since 2...
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Meta's Metaverse Goes Beyond VR
Meta is separating its Horizon Worlds platform from its Quest VR hardware to focus on making the service accessible via mobile devices, while still expressing commitment to mixed reality development. This strategic shift follows massive financial losses in Meta's Reality Labs division, leading to...
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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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Meta May Slash Metaverse Budget by a Third in 2024
Meta is reportedly planning significant budget cuts, potentially up to 30%, for its metaverse division, which includes Quest VR headsets and Horizon Worlds, signaling a strategic pivot away from this core vision. The company is shifting its focus toward artificial intelligence and AI superintelli...
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Meta Halts Third-Party VR Headset Plans, Scrapping Asus & Lenovo Devices
Meta has suspended its Horizon OS licensing strategy, halting partnerships with Asus and Lenovo to focus internally on its own premium VR hardware and software. This reversal is driven by competitive pressures from Apple's Vision Pro and Google's Android XR, which challenge Meta's ecosystem and p...
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Meta Hires Apple's Top Designers to Revamp Its Software UI
Meta has hired two top Apple designers, Alan Dye and Billy Sorrentino, to lead a major overhaul of its software and hardware design, aiming to fix its fragmented user experience. This strategic move is seen as critical for addressing Meta's fundamental software weaknesses and improving user reten...
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Mark Zuckerberg's Plan to Replace Your Smartphone
Meta has developed smart glasses, the Meta Ray-Ban Display, to shift user attention from phones to the physical world, integrating cameras, speakers, and an AI assistant for notifications and apps without obstructing view. A key innovation is the Meta Neural Band wristband, which uses neural sign...
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Gorilla Tag's Success in the VR Market Downturn
**Gorilla Tag**, the most popular game on Meta's Quest platform, shattered its own record with 119,000 concurrent players, demonstrating its strong hold on a dedicated, youthful audience despite broader VR industry challenges. The game's success, including a merchandise empire nearing $10 million...
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Meta Halts Quest Horizon OS Sharing With Third Parties
Meta has paused licensing its Horizon OS to third-party hardware makers to instead focus on refining its own first-party VR and mixed reality products. The company is prioritizing the development of its core hardware and software to advance the VR sector, with future partnerships to be reconsider...
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