With Meta laying off a large portion of its VR department in favor of smart glasses, Oculus founder Palmer Luckey believes "this isn't a disaster," but upcoming Quest headsets aren't looking bright.

From the moment 4-year-old Cameron first stepped out into Glimmer in Spyro 2, he knew video games were going to play a central role in the rest of his life. Though he never planned to make it the ...

Several of Meta's VR studios have been affected by the company's metaverse-focused layoffs. The company has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel. VR fitness ...

Just over four years after Facebook changed its name to Meta, the company is scaling back its virtual reality ambitions. Meta is cutting about 10% of staff who focus on metaverse-related VR projects ...

AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing about the metaverse. Reading time 2 minutes According to an ...

Meta, the parent company of Facebook, made major cuts to its workforce on Tuesday, including an estimated 10% of employees in its Reality Labs division, which is said to affect more than 1,000 workers ...

Meta is slated to layoff around 10 percent of staff at its Reality Labs XR division, a New York Times report maintains, as the company appears to be shifting focus to AI and smart glasses. According ...

Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the VR industry. "The market has spoken," said Jitesh Ubrani, an analyst for ...

A series of layoffs across Meta’s virtual reality division has affected Bellevue, Wash.-based studio Camouflaj (Republique, Batman: Arkham Shadow). This week opened with reports that Meta had ...