Meta CTO Andrew Bosworth says slower VR adoption has forced the company to cut jobs and scale back parts of its metaverse push while keeping investments focused on areas with clearer growth.

BURLINGAME — Facebook owner Meta Platforms disclosed plans to slash hundreds of jobs in the Bay Area, reductions that arrive ...

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in ...

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

The layoffs come as Meta announces widespread layoffs across its Reality Labs division. The business is responsible for the company's virtual and augmented reality technology.

The government insists that Meta has a monopoly. If anything, the social media market is fiercely competitive.

Meta Platforms announced it is laying off 331 employees on Monday, as the company works towards its company-wide plan of downsizing 10% of its workforce.

A judge previously ruled that Meta's ownership of Instagram and WhatsApp does not constitute social media monopolization.

The Federal Trade Commission said Tuesday it will appeal the November ruling in favor of Meta in its antitrust case against ...

FTC spokesperson Joe Simonson stood by the agency's case. "Meta violated our antitrust laws when it acquired Instagram and ...

A Canadian licensed insolvency trustee is calling on Meta (NASDAQ:META) to explain why illegal debt-relief advertising ...

Meta has laid off nearly 1,500 employees from its Reality Labs division as it pivots away from metaverse investments and ...