Meta plans to spend up to $135 billion on AI, doubling its investment and aiming to streamline its workforce with AI ...

His comments seemed to hint at further layoffs at the owner of Facebook, Instagram and WhatsApp.

Meta is finally putting hard numbers behind its strategic pivot, cutting jobs in the very division that once embodied its metaverse ambitions while steering money and talent into artificial ...

After years of heavy spending and limited traction, Mark Zuckerberg’s bet on the metaverse appears to be nearing its end.

Meta will cut 10% of employees in its Reality Labs division.

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI ...

The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Like a helicopter too heavy for lift off, tech companies are ...

Meta cut 1,000 jobs this week. The cuts show a key CHRO challenge: executing layoffs for investments that haven't delivered.

Meta is pulling back from its once-central virtual reality ambitions, as mounting losses and weakening demand force the ...