Palmer Luckey says Meta's VR layoffs cut bloated in-house game studios that were quietly undermining the industry's ecosystem.David Fitzgerald/Sportsfile via Getty Images Meta's decision to cut more ...

Oculus was a virtual reality company founded by Palmer Luckey. It was acquired by Facebook, now known as Meta, for $2 billion in cash and stock. Virtual reality has been a major initiative for Meta.

Hugo Barra, Meta’s former Head of VR, offered some unique insight into the XR industry recently with an extensive blogpost that centers around Apple Vision Pro. Barra warns that, like the company’s ...