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The company has laid off some 1,500 virtual reality developers as part of a broader shift toward AI wearable devices.

Meta Platforms, Inc. (NASDAQ:META) is among the most profitable US stocks to buy. According to Bloomberg’s Kurt Wagner report ...

Meta Platforms (NASDAQ:META) has delivered outstanding performance compared its hyperscaler peers such as Apple (NASDAQ:AAPL) ...

Meta cut 1,000 jobs this week. The cuts show a key CHRO challenge: executing layoffs for investments that haven't delivered.

Meta will discontinue the metaverse for work on February 16th. This comes after it laid off around 10% of its entire Reality ...

Meta is laying off more than 1,000 employees as it scales back its metaverse ambitions and redirects investment toward ...

Meta confirms Horizon Workrooms will shut down in February 2026 as the company shifts focus away from metaverse workplace VR.

Meta will also no longer sell its headsets and software as a service for businesses, another help page reads: “We are ...

Meta lays off around 1,000 Reality Labs employees, shuts VR studios, and shifts focus toward AI and wearable technology.

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Abstract: In 2022, the metaverse emerged as one of the most significant technology trends, as “The Economist” highlighted. This trend is exemplified by milestones such as the listing of Roblox on ...