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METAVERSE LAYOFFS
Job cuts in U.S.: Massive lay offs underway in Snapchat parent company. Check severance package, which employees are losing jobs right now?Snapchat, Meta, Nike, Citigroup, Morgan Stanley employees are under the job cuts threat. AI-driven automation is exposing multiple sectors ...15 Apr, 2026, 06.51 PM IST- A billion dollars each? While you work 9-to-5, these 6 Meta execs are in line for a billion-dollar AI paydayMeta plans huge AI growth and may reward six top executives with massive bonuses. The payouts depend on strong company performance and futu...26 Mar, 2026, 10.33 PM IST
- Meta layoffs 2026: CTO Andrew Bosworth confirms job cuts for roughly 10% of employees within the Reality Labs unitMeta Platforms is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from...13 Jan, 2026, 11.59 PM IST
- Facebook parent company Meta plans layoffs in Reality Labs division responsible for Ray-Ban smart glasses, wristwatchMeta is reportedly preparing to lay off approximately 10% of its Reality Labs division, impacting employees developing virtual reality head...13 Jan, 2026, 03.05 PM IST
- Meta plans to cut about 10% of employees in reality labs businessThe cuts to Reality Labs -- which has roughly 15,000 employees -- could be announced as soon as Tuesday. The layoffs would be a fraction of...13 Jan, 2026, 07.22 AM IST
- Metaverse in big trouble? Meta, Facebook’s parent company, plans big cuts as Zuckerberg’s vision faces potential failure; here’s what you need to knowMeta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by 30% in 2026, i...06 Dec, 2025, 09.55 AM IST
- Meta to slash Metaverse budget by 30%; potential layoffs loom: ReportThis is in contrast to Meta's CTO and head of Reality Labs, Andrew Bosworth, who, in January, said that 2025 would be one of the most impor...04 Dec, 2025, 09.04 PM IST
- Meta stock surges 5% after Mark Zuckerberg unveils plans for metaverse - here's the breakdownMeta stock: Meta Platforms shares jumped 5% after reports of planned up to 30% budget cuts in its metaverse division, including Horizon Wor...04 Dec, 2025, 08.25 PM IST
- Alibaba Group lays off dozens of employees to cut costs: reportAlibaba layoffs: China's Alibaba Group has reduced the Yuanjing team, its metaverse arm, as part of a broader reset. The division was set u...04 Nov, 2024, 10.38 AM IST
- European tech must keep pace with US, China: Meta's Nick CleggEurope is lagging behind both the United States and China when it comes to technology and innovation, top executive with US firm Meta Nick ...24 Jun, 2024, 11.08 AM IST
- Meta to lay off employees in metaverse silicon unitEmployees were informed of the layoffs in a post on Meta's internal discussion forum Workplace on Tuesday. The post said they would be noti...04 Oct, 2023, 01.14 AM IST
- Facebook owner Meta starts final round of layoffsMeta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees the do...24 May, 2023, 05.39 PM IST
- Invesco cuts Swiggy’s valuation by 33% to $5.5 billion; global tech M&A deals sputter in March quarterUS asset manager Invesco has once again slashed its portfolio firm Swiggy’s valuation. This time it’s a 33% cut to $5.5 billion from $8.2 b...08 May, 2023, 09.31 PM IST
- Facebook parent Meta planning massive layoffs: reportAs of September 30, Meta had about 87,000 employees worldwide across its different platforms, which include social media sites Facebook and...07 Nov, 2022, 12.53 PM IST
- Cut workforce, spending on metaverse, key investor tells Mark ZuckerbergBrad Gerstner, CEO of Altimeter Capital, which holds 2.46 million shares in Meta, has written an open letter to its founder Mark Zuckerberg...25 Oct, 2022, 04.52 PM IST
- Skepticism, confusion, frustration: Inside Mark Zuckerberg's metaverse strugglesOn Tuesday, Meta is expected to unveil a new VR headset at a developer conference, along with other new metaverse features. The stakes are ...10 Oct, 2022, 01.14 PM IST
- New VR jobs die down at Meta, Google amid hiring freeze: reportThe VR job postings have also slowed down at other Big Tech companies like Apple and Google amid the hiring freeze and layoff season.22 Aug, 2022, 04.51 PM IST
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