Mark Zuckerberg's Meta has reportedly laid off hundreds of workers under its VR division. The layoffs come amid a failure by the division to turn a profit, having incurred billions of dollars in losses since its inception.
In a report by The Wall Street Journal this week, Meta laid off around 1,500 workers under its Reality Labs division. Reality Labs is the department working on Meta's virtual reality products. As a result of these layoffs, three VR game studios were shut down, with only Horizon Worlds remaining as it works on Meta's online VR platform but in a scaled-down capacity.
