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Palmer Luckey, Oculus founder, praises Meta's layoffs in its VR division, arguing they end distorting subsidies that stifled independent developers and innovation. By leveling the playing field, he believes this shift will promote organic growth and long-term health for the VR industry, despite Meta's pivot to AI.
Cloud costs can quickly spiral when finance teams lack real-time visibility into engineering spend. Join the free virtual FinOps Excellence Summit, hosted by Harness on July 16th, to learn how leading companies like United Airlines are successfully embedding cost controls into their software delivery pipelines.
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Meta is shutting down its VR workplace app Horizon Workrooms in February 2026, amid layoffs in its Reality Labs division, which has lost over $40 billion since 2019. This signals a pivot from metaverse ambitions to AI investments, reflecting low adoption and financial pressures. The move risks stifling VR innovation.
Meta has discontinued Horizon Workrooms and metaverse work initiatives amid $70B+ losses in Reality Labs, low adoption, and technical issues. This aligns with layoffs and a pivot to AI and wearables, reflecting an industry-wide retreat from overhyped VR. The move underscores lessons in aligning innovation with market realities.
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On January 9, 2026, Meta's CTO Andrew Bosworth held a critical in-person all-hands meeting for Reality Labs, amid $70 billion losses and 30% budget cuts. The agenda likely covered AI integration into VR/AR projects like Horizon Worlds and Orion glasses, strategic pivots, and employee morale. This signals a make-or-break phase for Meta's metaverse ambitions.
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