Topic: wearables growth
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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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