The job cuts come as the social media giant doubles down on AI and grapples with a big bet on the metaverse that didn’t pan out. The first Big Tech layoffs of 2026 have happened. This week, Facebook ...

Although Reality Labs continues to be an ongoing miss for Meta, the company's other divisions are putting up strong numbers.

Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised ...

Mark Zuckerberg says there's an end in sight to Reality Labs' years of multibillion-dollar losses following the company's ...

Meta said it's shutting down Workrooms in February, deleting user data as Reality Labs faces layoffs and the company ...

A big shakeup at Reality Labs.

Facebook parent company Meta's Reality Labs metaverse-focused division generated $2.2 billion in revenue for the 12 months ending December 31st, 2025, but clocked up a $19.2 billion operational loss.

The cuts come just over four years after Facebook changed its name to Meta and went big on virtual reality and the Metaverse.

That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.

Meta's Reality Labs division is undergoing significant restructuring, with over 1,000 job cuts announced. This strategic pivot sees the tech giant shifting focus from its metaverse ambitions towards ...

As it seeks to build AI tools many users don’t want, Meta Platforms Inc. has sacrificed a high-quality product adored by droves. Supernatural, the virtual reality fitness app, is being wound down as ...

Few believe Meta will abandon VR entirely, but many see an unmistakable pivot as resources move toward AI systems and devices ...