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VIRTUAL REALITY LAYOFFS
Ola’s valuation crashes 99%; Snapchat India ad pushHappy Thursday! American investor Vanguard has slashed the fair value of Ola's parent company. This and more in today’s ETtech Morning Disp...- Meta sees daily active users decline by 20 million across FB, Instagram and WhatsApp: Here's whyMeta Platforms experienced a slight decline of 20 million daily active users across its social media platforms in Q1 CY 2026, marking a bre...
- Rec Room, the $3.5B social gaming platform, to shut down after failing to find path to profitabilitySocial gaming platform Rec Room will cease operations on June 1, citing persistent challenges in achieving profitability despite its popula...
- 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...
- Why Meta stock is rising after reports say hundreds will lose jobs across key divisions - here's which teams are impacted and what Meta plans to do nextMeta stock price today: Meta is reducing its workforce by several hundred employees across various departments. This move comes as the comp...
- Meta began 2026 with a sharp cut of over 1,000 Reality Labs jobs – are Facebook or Instagram affected, or is Apple and Google’s AI wearables competition responsible?Meta began 2026 with a major workforce reset, cutting over 1,000 jobs from its Reality Labs division. The layoffs, affecting nearly 10% of ...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- Unity Software cutting 25% of staff in 'company reset' continuationWhile Unity is not widely recognized outside the gaming industry, over 1.1 million game creators rely on its software toolkit each month, i...
- 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...
- Meta prepares more layoffs across Facebook, WhatsApp, InstagramIt indicates Facebook, WhatsApp, Instagram and Reality Labs — which houses the firm’s virtual reality efforts and Quest hardware — will all...
- Employees in advertising unit impacted by fresh Amazon layoffs: reportThe fresh layoffs are in addition to the 27,000 roles which the ecommerce major has already eliminated.
- Techies earning up to $1 million a year laid off at Big Tech firmsAt Google, laid-off employees included those who had previously received high performance reviews or held managerial positions "with annual...
- Mark Zuckerberg says WhatsApp business chat will drive sales sooner than metaverseMeta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company's next wa...
- 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.
- Up to 40 per cent IT staff need re-skilling: NasscomNasscom says that despite challenges from automation and new technologies, the IT industry continues to add new jobs.
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