Meta slashes 1,000+ VR jobs, shuts studios as $70B metaverse dream crumbles

More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual reality projects in a big way. Meta started cutting jobs this week in its Reality Labs unit, which handles virtual reality work. The layoffs will eliminate more than 1,000 positions, hitting roughly 10% […] source: https://www.cryptopolitan.com/meta-slashes-1000-vr-jobs/