Industry Newsvirtual realitymetaversemetalayoffs
Meta Cuts Reality Labs Amid Metaverse Retreat
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Meta reportedly laid off roughly 1,500 Reality Labs employees, about 10% of the unit, and shut several VR game studios this week, according to The Wall Street Journal and other outlets. The company — which has sunk about $73 billion into Reality Labs — is deprioritizing the metaverse and winding down products like Workrooms while shifting focus toward AI. The moves mark a major strategic retreat from VR.
Scoring Rationale
Major, well-sourced corporate retreat from VR drives high impact; limited technical guidance reduces direct utility.
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