Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...
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Meta layoffs today: Facebook parent is slashing hundreds of workers from Reality Labs VR division
The job cuts come as the social media giant doubles down on AI and grapples with a big bet on the metaverse that didn’t pan out. The first Big Tech layoffs of 2026 have happened. This week, Facebook ...
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