Meta plans Reality Labs budget cuts up to 30%, weighing job cuts amid metaverse losses and renewed focus on AI technology.

Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports ...

From ancient slavery to the factory floor, progress has often relied on the exploitation of human beings. We might like to ...

Stock indexes were muted on Thursday, as talks on rate cuts continued to be in focus ahead of next week's FOMC meeting.

That November, chief executive Mark Zuckerberg announced the company would rebrand as Meta, with its focus to “bring the ...

Meta has announced 30% budget cuts to its metaverse plans for 2026, expecting to reduce operating costs with regard to the ...

Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon ...

Meta didn’t fail overnight — it bled slowly. As competition from TikTok surged and ad revenue weakened, Zuckerberg doubled ...

Investors remain cautious about the AI push, however. In October, Meta’s shares dropped more than 10 per cent — wiping more ...

In February 2025, Meta disclosed that despite its Meta Quest hardware yielding $1.08 billion in revenue, the Reality Labs ...

Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading ...