Meta CTO Andrew Bosworth said that cuts to the company's VR effort were "a real loss," but that Meta's investment had to match segment growth.

Meta's CTO, Andrew Bosworth, acknowledged painful layoffs in Reality Labs, admitting metaverse growth is slower than hoped.

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in Burlingame and Playa Vista.

In a leaked memo obtained by BI, Meta's CTO called 2025 "the year of greatness" and the "most critical" year for the ...

Although Meta is making a sizable reduction to the headcount in its Reality Labs division, the company hasn't given up on the ...

Published rendered that claimed to be based off prototype headsets point to what the Meta Quest 4 or lightweight alternative headset could actually look like.

Preview this article 1 min The cuts affect multiple locations as the company shifts investment from metaverse projects to ...

Quick Summary Meta shares have entered a high-momentum phase driven by ad recovery and AI efficiency gains, creating ...

Reality Labs chief Andrew Bosworth spoke for the first time this week about the cuts in the VR division and explained Meta's new metaverse course.

Meta CTO Andrew Bosworth offered the first bit of insight into the company’s recent Reality Labs shakeup, publicly acknowledging that Meta’s metaverse efforts suffered from a “lack of focus” that ...

Meta’s earnings beat expectations, but investors question whether its $135 billion AI push will pay off after metaverse losses and rising competition.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...