The division — which employs roughly 15,000 people — has a strong presence in the Seattle area and is responsible for the company's "metaverse" technologies that work in conjunction with augmented and ...

Meta has cut up to 1,500 Reality Labs employees and closed three VR studios, triggering 'VR winter' fears as the company ...

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

For tech investors hoping Meta Platforms finds religion on cost cuts as they relate to heavy spending on virtual reality, now is not the time to bet on it. The company is cutting costs, including mass ...

The first VR service that Meta will shut down is called Horizon Workrooms. Introduced in 2021, it provides a virtual conference room that can be accessed using the Facebook parent’s VR headsets.