💨 Abstract

Meta, the parent company of Facebook, has laid off employees from its Reality Labs division, which includes virtual and augmented reality projects. The cuts impacted employees within Oculus Studios, particularly those working on Supernatural, a VR exercise app. Reality Labs, a costly division for Meta, has been losing billions of dollars each year. The layoffs were made in preparation for Meta's first quarter earnings report next week.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖