Meta is quietly pulling the plug on its most expensive gamble yet—after burning through $70 billion. Behind closed doors in ...

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

Experienced a layoff lately? You're not alone. U.S. layoffs are at their peak — and some industries are getting hit harder ...

Meta's plan to cut back on metaverse spending is a sign that projects not helping tech companies' AI goals are falling out of ...

Meta executives are eying gigantic budget cuts for the teams responsible for its Meta Horizon Worlds and Quest VR headset.

Meta cuts 30% of its metaverse budget, shifting focus to AI, wearables, and profitable ventures like smart glasses, after ...

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

Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" ...

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 ...

According to a Bloomberg report, Meta (META) CEO Mark Zuckerberg is aiming to cut budgets for the company's virtual-reality metaverse initiative by up to 30% amid a companywide spending pullback.

Citing people familiar with the discussions, Bloomberg reported on Dec. 4 that the budget cut can be up to 30%. Executives at the tech giant are reviewing plans that could reduce Reality Labs’ 2026 ...