Christmas 2024 might have been a record time of sales for Meta's virtual reality and augmented reality products, but 2025 is proving to be a very different year for the company's Reality Labs division ...

Meta's Reality Labs unit, which houses its metaverse technologies, recorded an operating loss of $4.48 billion in the second quarter. Since late 2020, the Reality Labs unit has generated cumulative ...

Meta is slated to layoff around 10 percent of staff at its Reality Labs XR division, a New York Times report maintains, as the company appears to be shifting focus to AI and smart glasses. According ...

Reality Labs, Meta’s XR division formed in 2020, is now being reorganized into two distinct groups, ‘Wearables’ and ‘Metaverse’, which reportedly comes along a “relatively small” number of layoffs. As ...