Tech giants like Amazon and Meta are overhauling their performance review systems, and the changes could signal even more layoffs ahead.

BofA strategists flagged earnings growth, C-suite sentiment, AI spending, and layoffs among their top takeaways from the ...

Preview this article 1 min The cuts affect multiple locations as the company shifts investment from metaverse projects to ...

Meta's CTO, Andrew Bosworth, acknowledged painful layoffs in Reality Labs, admitting metaverse growth is slower than hoped.

Meta’s virtual reality ambitions continue to come at a steep cost. The company has revealed that Reality Labs, the division responsible for its VR and metaverse efforts, lost $19.1 billion last year.

Meta has laid off about 1,500 employees as Reality Labs narrows its focus. CFO Susan Li says spending will tilt toward wearables, even as virtual reality development continues.

Oculus founder Palmer Luckey said Meta's VR layoffs don't signal retreat from the industry. He said Meta's first-party VR studios were crowding out third-party developers across the industry. He said ...

Meta CEO Mark Zuckerberg has claimed that advances in AI now allow a single person to do the work of an entire team.

Meta, in a restructuring of its Reality Labs division, has initiated job cuts which are expected to impact over 1,000 employees. According to Bloomberg, the employees were notified of the layoffs ...

(KRON) — Facebook parent company Meta Platforms Inc. is reportedly moving forward with plans to cut over 1,000 jobs in the latest round of tech layoffs. The company is specifically looking to slash ...

Meta Platforms Inc. is reportedly planning to cut around 10% of employees at its Reality Labs division as the company shifts its priorities to artificial intelligence. The New York Times, referencing ...