Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people familiar with the matter told Bloomberg.

Meta is planning to raise prices for its VR devices, citing tariffs and a shift to sustainable business models for long-term ...

Shares in Meta rose sharply on Thursday following a report that the Facebook parent company is significantly cutting back on virtual reality investments ...

Meta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by ...

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

Meta cuts—and potential layoffs—could come as early as January 2026, and will see the company's virtual reality group significantly downsized.

Meta’s Mark Zuckerberg made a big gamble, and it reportedly cost his company $77 billion in the last five years.

(Reuters) -Facebook parent Meta Platforms put profit from its virtual-reality platform over safety, two former researchers told a Senate panel on Tuesday. Former Meta user experience researcher Cayce ...

Meta is downsizing its virtual reality division. Meta confirmed to The Verge on Thursday that it had laid off an undisclosed number of employees in its virtual reality and hardware unit, Reality Labs.

Meta has laid off employees in its Reality Labs division that is tasked with developing virtual reality, augmented reality and related wearable devices. The cuts affected an unspecified number of ...

Meta confirmed on Thursday that it had let go of an unspecified number of employees in its VR and hardware unit, Reality Labs. The cuts also affected Meta’s virtual reality fitness app, Supernatural.