Meta lays off metaverse employees after $73 billion in losses

The losses come after Meta spent years investing billions of dollars in its metaverse concept (a 3D virtual world where ...

Meta has closed three VR studios as part of its metaverse cuts

Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.

Pedro Domingos to Mark Zuckerberg: Right idea at the wrong time is the wrong idea, it’s too early for the metaverse and too late for

University of Washington professor Pedro Domingos criticized Meta CEO Mark Zuckerberg's timing for key technologies. Domingos ...
Video Games Chronicle

Meta has closed several studios, including ‘Splosion Man studio Twisted Pixel and Asgard Wrath’s Sanzaru Games

Meta has closed several of its VR studios, according to developers who have announced they have been laid off. The New York ...

Meta Reportedly Cutting About 1,500 VR and AR Jobs Amid Renewed Push to Become an AI Juggernaut

AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing ...
eWeek

Meta Cuts 1,500 Reality Labs Jobs as AI Takes Priority

The cuts represent roughly 10% of the division's workforce and signal Meta's accelerating pivot away from its metaverse ...
Push Square

PS3's Sly Cooper Team Shut in Oculus Layoffs, Two Other Devs Closed

Sanzaru Games, the studio behind Sly Cooper: Thieves in Time on PS3 and The Sly Collection, has been shuttered as part of a ...

Meta Plans to Cut Around 10% of Employees in Reality Labs Business

The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on ...
AOL

Oculus founder Palmer Luckey compares Facebook's metaverse to a 'project car,' with Mark Zuckerberg pursuing an expensive passion project that no one thinks is valuable

Luckey founded Oculus and sold it to Facebook for $2 billion in 2014. He wants the metaverse to be built, but says Facebook's current product Horizon is "not good." Still, Luckey sees the possibility ...
NBC New York

What's next for Meta's metaverse

In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the ...