• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

The Four Pillars Essential To Work After Retirement

May 16, 2025

Costco Rolls Out Affirm Partnership to Help Members Finance Big-Ticket Items

May 16, 2025

The Top 20 Companies That Hire for Work-From-Anywhere Jobs

May 16, 2025
Facebook Twitter Instagram
Trending
  • The Four Pillars Essential To Work After Retirement
  • Costco Rolls Out Affirm Partnership to Help Members Finance Big-Ticket Items
  • The Top 20 Companies That Hire for Work-From-Anywhere Jobs
  • How Cheap Products Are Destroying Brand Trust
  • Why Being a ‘Good Communicator’ Isn’t Enough
  • How to Turn Simple Ideas Into Never-Ending Paychecks
  • Why Skills Alone Aren’t Enough to Build a Strong Team
  • The Thinking About Retirement Edition
Friday, May 16
Facebook Twitter Instagram
iSafeSpend
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
iSafeSpend
Home » Meta Lays Off Some Employees Working on Virtual Reality
Make Money

Meta Lays Off Some Employees Working on Virtual Reality

News RoomBy News RoomApril 25, 20250 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Meta is downsizing its virtual reality division.

Meta confirmed to The Verge on Thursday that it had laid off an undisclosed number of employees in its virtual reality and hardware unit, Reality Labs. The layoffs impacted teams working on games for Meta’s Quest virtual reality headsets and the division that built the popular virtual reality fitness app Supernatural.

A note on the official Supernatural community Facebook group of more than 112,000 members confirmed the layoffs.

“We’re deeply saddened to share that [organizational] changes have resulted in the loss of some of our incredibly talented team members,” the post, which was shared on Thursday, read.

Related: Meta Is Reportedly Working on Smart Glasses With a Screen — at a Price Point $1,000 More Than Its Ray-Bans

The post goes on to mention that the number of workouts released on Supernatural per week would decrease because of the layoffs and the resulting smaller number of people working on the app.

A user plays Supernatural. Photo by Randy Shropshire/Getty Images for Meta Platforms Technologies LLC

Meta acquired Within Unlimited, the virtual reality startup behind Supernatural, in February 2023 for more than $400 million after successfully fighting a government antitrust lawsuit.

The tech company conducted a round of performance-based layoffs in February, cutting 5% of its 72,000-person global workforce, or about 3,600 employees. Some fired Meta workers claimed they had a track record of good performance and were surprised by the layoffs.

Related: ‘Creating Fear’: Meta Begins Laying Off ‘Low Performers.’ Here’s a Look at How Those Decisions Are Made.

The performance-based cuts impacted at least 560 employees who worked in Meta’s virtual reality division, according to documents seen by Business Insider. A memo obtained by the outlet in February from Meta CTO Andrew Bosworth noted that 2025 was a make-or-break year for the company’s virtual reality efforts.

“We need to drive sales, retention and engagement across the board,” Bosworth wrote in the memo.

As of the end of February, Meta had fired close to two dozen employees for leaking internal memos, meeting recordings and other company information to the press.

Meta’s virtual reality offerings are popular. Meta had sold close to 20 million Quest headsets as of February 2023. It released the $499 Quest 3 in October 2023 and sold at least one million units of the virtual reality headset as of June 2024.

However, Meta’s virtual reality efforts are expensive and have resulted in $60 billion in losses for the company since 2020. In its latest earnings report, released in January, Meta noted that its Reality Labs unit generated $1.1 billion in sales in the fourth quarter of 2024 but recorded an operating loss of $4.97 billion.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Costco Rolls Out Affirm Partnership to Help Members Finance Big-Ticket Items

Burrow May 16, 2025

The Top 20 Companies That Hire for Work-From-Anywhere Jobs

Make Money May 16, 2025

How Cheap Products Are Destroying Brand Trust

Make Money May 15, 2025

Why Being a ‘Good Communicator’ Isn’t Enough

Investing May 15, 2025

How to Turn Simple Ideas Into Never-Ending Paychecks

Make Money May 15, 2025

Why Skills Alone Aren’t Enough to Build a Strong Team

Make Money May 15, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Costco Rolls Out Affirm Partnership to Help Members Finance Big-Ticket Items

May 16, 20250 Views

The Top 20 Companies That Hire for Work-From-Anywhere Jobs

May 16, 20250 Views

How Cheap Products Are Destroying Brand Trust

May 15, 20250 Views

Why Being a ‘Good Communicator’ Isn’t Enough

May 15, 20250 Views
Don't Miss

How to Turn Simple Ideas Into Never-Ending Paychecks

By News RoomMay 15, 2025

Entrepreneur Imagine creating something once, putting it online and then waking up weeks later to…

Why Skills Alone Aren’t Enough to Build a Strong Team

May 15, 2025

The Thinking About Retirement Edition

May 15, 2025

7 Tax Breaks That You Can Kiss Goodbye Under Trump’s New Bill

May 15, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: support@isafespend.com

Our Picks

The Four Pillars Essential To Work After Retirement

May 16, 2025

Costco Rolls Out Affirm Partnership to Help Members Finance Big-Ticket Items

May 16, 2025

The Top 20 Companies That Hire for Work-From-Anywhere Jobs

May 16, 2025
Most Popular

Blended Families, Inheritance And Preventable Conflicts

May 10, 202515 Views

$15 Million estate tax exemption proposed. What should you do?

May 12, 202511 Views

Update Your Team’s Productivity Suite to Office 2021 for Just $49.97

May 10, 20258 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 iSafeSpend. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.