However, it has not been revealed how many employees were laid off. Oculus Studios is a unit that makes virtual and augmented reality games for Meta’s Quest headset. This layoff was first revealed by The Verge and later confirmed by CNBC.

This is why Meta’s Oculus Studios was laid off

A Meta spokesperson said that Oculus Studios is being restructured to help it better work on future mixed reality experiences for growing audiences. However, this strategy has resulted in the loss of jobs for many employees. This has affected the developers of Meta’s important virtual reality efforts, including the Supernatural fitness app. A note related to the layoffs has been published on the official Supernatural Facebook group.

How is the health of Reality Labs

Earlier this year, the company had fired about 5 percent of its low-performing employees. Meta is under pressure to streamline business and rein in expenses at Reality Labs. Its experimental division is building a metaverse through devices and software. Reality Labs had an operating loss of $497 crore in the last quarter of 2024 i.e. October-December 2024 and revenue was $1.1 billion.

Meta’s March quarter results are due on Wednesday. In these results, analysts will especially keep an eye on the company’s strategy regarding VR and AR. This is because Meta’s rival companies Apple and Samsung are exploring mixed reality in their own ways.

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The post Employees Job Cut: Meta once again faces layoffs, big decision to lay off employees before quarterly results first appeared on Rightsofemployees.com.

At the same time, Meta, the parent company of Facebook, WhatsApp and Instagram, will lay off 10,000 more employees on its various platforms. This has been claimed in some media reports. Earlier, Meta had laid off 11 thousand employees in November 2022 as well.

After this retrenchment, the number of employees in Meta will be equal to the middle of 2021. During the Corona period, the company had done tremendous hiring since 2020. The company has given information about this retrenchment through the professional social media platform LinkedIn. Employees of the Ad Sales team, Marketing and Partnership team will be affected in this retrenchment.

The company had said these things in March.

Earlier in March, the company had told that it would reduce the size of its employer team and lay off more people in its technology group at the end of April. After that, at the end of May, people from the business group will be fired. Meta Chief Executive Mark Zuckerberg said, “It will be difficult but there is no other way. It also means saying goodbye to the talented and passionate colleagues who have been a part of our success.”

The post Layoffs again in Meta, company to lay off 10,000 employees first appeared on Rightsofemployees.com.