The division has lost over $77 billion since its inception in 2020. The post Meta Lays Off Thousands of VR Workers as Zuckerberg’s Vision Fails appeared first on Futurism.

Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised ...

The company's Reality Labs division--which comprises virtual and augmented reality consumer hardware, software, and ...

Mark Zuckerberg's vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us ...

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

The layoffs come as Meta announces widespread layoffs across its Reality Labs division. The business is responsible for the ...

That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.

Meta is reportedly eliminating more than 1,000 roles from its Reality Labs division, the sector responsible for the company’s virtual […] This post, "Meta closes Reality Labs, lays off over 1,000 ...

Almost one-third of the cuts will take place at the tech giant’s offices in Redmond, which house its augmented reality division.

The company's market capitalization has escalated by roughly $173 billion during the last 5 days and now sits at $1.7 trillion.

Should investors still be buying Meta's stock?