Reality Labs, the Meta unit that develops technology for the metaverse, lost $21.3 billion since January 2022. Operating costs for the unit were also down $3.7 billion last quarter.

Senior Director at META Reality Labs to lead AI-based Visual Technologies for Northwest Real Estate Technology Firm BELLEVUE, Wash., Dec. 14, 2022 /PRNewswire/ -- Claudiu Bulai, who led the ...

Mark Zuckerberg’s Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the ...

Even after Meta reported in February that Reality Labs lost $13.7 billion last year, the company said it still planned to open a 340,000-square-foot building for the division and expand other lab ...

Meta laid off employees in Reality Labs amid restructuring efforts in hardware and VR. The layoffs affected Oculus Studios and Supernatural, Meta's VR gaming and fitness apps. Meta's Reality Labs ...

Meta, on Thursday (April 24), laid off an unknown number of employees from its Reality Labs division, which includes employees working in Oculus studios, who are responsible for creating mixed ...

In 2022, Reality Labs lost $13.7 billion, in 2023, it lost $16.1 billion and so far for the first nine months of 2024, Reality Labs has lost $12.8 billion, on revenue of $1 billion.

Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating virtual reality and wearable devices, according to a person familiar with the matter.

According to Main Street Data, Meta’s Reality Labs reported an operating loss of $4.21 billion in Q1 2025. This represents a 9% year-over-year increase in losses, though it’s an improvement ...

This story was originally published on Social Media Today. To receive daily news and insights, subscribe to our free daily Social Media Today newsletter. While many remain unconvinced about Meta ...

Meta's Reality Labs COO Dan Reed steps down after 11 years amid restructuring. The division faces pressure over $60 billion in losses since 2020.

Meta's Reality Labs was an almost insignificant portion of revenue in Q4 2022. Adding to the issues, Reality Labs is losing lots of money. Investors are thus cheering Mark Zuckerberg's new focus ...