MENLO PARK, Calif. -- For those who don't think Zoom meetings are a good enough substitute for the real thing, Facebook has another idea: a virtual reality app that lets you and your coworkers feel ...

The Metaverse, Mark Zuckerberg’s vision that took shape in 2021, does not seem to be delivering as desired, as Meta, the parent company of Facebook, is planning to make meaningful cuts in resources ...

Meta stock climbed after Bloomberg reported that the company was looking to make cuts to the metaverse unit. The budget cuts could be as high as 30% for the unit and would likely include layoffs, the ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon building the metaverse. By Mike Isaac Reporting from San Francisco. Meta is ...

Facebook changed its name in 2021 to reflect the company’s newfound dedication to the interconnected virtual world concept known as the metaverse. Now, Meta is dialing back its intentions of being “a ...

Meta plans to cut its budget by up to 30% in its Reality Labs metaverse division. It's considering job cuts as part of that move, leaving employees uncertain. The cuts may impact Horizon Worlds and ...

Meta will cut 10% of employees in its Reality Labs division.

The company wants to plow more money into its wearable tech.

Meta is reportedly cooling on the metaverse with planned 30% cuts in its virtual reality research department, Reality Labs, which shareholders seemingly support. Social media giant Meta is reportedly ...