Cryptopolitan on MSN

Meta winds down metaverse business with VR studio closures, job cuts

More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual ...
Futurism on MSN

Meta lays off thousands of VR workers as Zuckerberg’s vision fails

The division has lost over $77 billion since its inception in 2020. The post Meta Lays Off Thousands of VR Workers as ...

Palmer Luckey says Meta's VR layoffs aren't a 'disaster' — and fix a problem critics aren't talking about

Oculus founder Palmer Luckey said Meta's VR cuts targeted subsidized game studios that were crowding out developers and ...
Road to VR

Post-apocalyptic VR Shooter ‘Metro Awakening’ Failed to Meet Revenue Goals, Parent Company Reveals

Embracer Group, the media conglomerate behind a host of game studios, announced in a recent financial report that Metro Awakening (2024) “underperformed” financial expectations. Developed by Embracer ...

Meta CTO Andrew Bosworth on layoffs in the division that Mark Zuckerberg changed company's name for; says: Failed to ...

Meta is reducing its virtual reality workforce and closing studios. This move comes as VR headset sales have not met expectations. The company is reallocating resources from VR projects to focus on ...