Meta CTO Andrew Bosworth said that cuts to the company's VR effort were "a real loss," but that Meta's investment had to match segment growth.

Meta's CTO, Andrew Bosworth, acknowledged painful layoffs in Reality Labs, admitting metaverse growth is slower than hoped.

In a leaked memo obtained by BI, Meta's CTO called 2025 "the year of greatness" and the "most critical" year for the ...

Although Meta is making a sizable reduction to the headcount in its Reality Labs division, the company hasn't given up on the ...

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in Burlingame and Playa Vista.

Meta CTO Andrew Bosworth offered the first bit of insight into the company’s recent Reality Labs shakeup, publicly acknowledging that Meta’s metaverse efforts suffered from a “lack of focus” that ...

Quick Summary Meta shares have entered a high-momentum phase driven by ad recovery and AI efficiency gains, creating ...

Meta plans to cut its metaverse budget by roughly 30% to prioritize AI spending. Reality Labs has spent tens of billions over recent years. Meta shares recently fell more than 25% from peak levels.

Reality Labs chief Andrew Bosworth spoke for the first time this week about the cuts in the VR division and explained Meta's new metaverse course.

Meta’s earnings beat expectations, but investors question whether its $135 billion AI push will pay off after metaverse losses and rising competition.

Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources toward AI initiatives. The stock popped on the news as Wall Street has grown concerned the ...

Meta Platforms Inc. (NASDAQ: META) shares slid 2.5% on Wednesday, weighing on communication services and technology ETFs, as the company once again revised its long-term strategy by further backing ...