Meta (META) Stocks Tumble as Company Cuts 1,000 Jobs to Pivot from VR to AI Wearables
Meta plans to cut over 1,000 jobs in its Reality Labs division to shift focus from VR/metaverse to AI wearables and phone features.
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Recently added · Page 3Meta (META) Slashes Reality Labs Jobs to Boost AI Focus as Competition Heats Up
Meta plans to cut about 10% of Reality Labs staff to shift focus from metaverse to AI, reflecting CEO Zuckerberg’s strategy amid rising competition from AI leaders. The job cuts could happen this wee…
Meta (META) Cuts 10% Reality Labs Staff Amid Metaverse Demand Slump and AI Competition
Meta plans to cut 10% of Reality Labs staff amid slow VR demand and challenges competing with AI leaders, signaling cost-cutting and strategic refocus.
Meta (META) Cuts 10% Reality Labs Staff, Shifts Focus to AI Amid Heavy Metaverse Losses
Meta plans to cut 10% of staff from its Reality Labs metaverse division to focus more on AI, reallocating funds toward wearables after heavy losses totaling $70 billion since 2020.
Meta (META) Slashes Reality Labs Workforce Amid $60B Metaverse Loss and AI Setbacks
Meta plans a 10% cut in Reality Labs, primarily impacting the metaverse unit after massive $60 billion losses; smart glasses succeed but metaverse vision struggles amid AI race challenges.
Amazon (AMZN) Gains as iRobot Files Bankruptcy After Failed Acquisition Bid
iRobot files for Chapter 11 bankruptcy amid pressure from Chinese rivals and tariffs; Amazon's prior acquisition attempt failed due to regulatory issues. iRobot will be taken private by its manufactu…
Meta Platforms (META) Rebounds on AI Focus and 30% Metaverse Budget Cuts
Meta plans to release a new AI model by early 2026 and cut 30% of its metaverse budget, shifting focus from costly virtual worlds toward AI development.
Apple (AAPL) Names Jennifer Newstead General Counsel Ahead of 2026 Transition
Apple announced a senior executive transition with Jennifer Newstead appointed as general counsel in 2026, overseeing legal and government affairs, while Lisa Jackson will retire, shifting environmen…
Meta (META) Rallies on Metaverse Budget Cuts Amid AI Talent Race Uncertainty
Meta's cost-cutting on metaverse projects boosts shares, but AI execution challenges persist. Focus shifts to AI talent investment amid mixed past results, supporting a cautiously optimistic outlook.
Meta (META) Pulls Back VR Spending Amid Budget Cuts, Shifts Focus to AI Expansion
Meta plans to cut its Reality Labs budget by 30%, impacting VR projects and causing layoffs, while shifting focus toward expanding advanced AI development.
Meta (META) Retracts Metaverse Spending, Plans Up to 30% Cut Amid Investor Pressure
Meta plans to reduce its metaverse budget by up to 30%, likely resulting in layoffs early next year, amid weaker-than-expected competition and investor scrutiny. Additionally, a standard 10% budget c…
Meta (META) Soars on 30% Metaverse Budget Cut Amid Strong AI Investment Buzz
Meta plans up to 30% budget cuts for its Metaverse project despite strong premarket gains fueled by heavy AI and virtual reality investments.
Meta (META) Soars 6.7% Premarket on CEO Zuckerberg's Planned 30% Metaverse Budget Cuts
Meta Platforms shares jump over 6% premarket as CEO Zuckerberg plans major budget cuts of up to 30% for the Metaverse division in 2024.
Apple (AAPL) Strategically Cuts Sales Jobs to Boost Customer Engagement Amid Tech Sector Restructuring
Apple plans targeted layoffs in its sales teams to improve customer engagement, affecting government and institutional account managers, while continuing hiring in other areas amid industry-wide job …
Amazon (AMZN) Marginally Weakens After Major Engineering Cuts Amid AI Strategy Shift
Amazon cut nearly 40% of engineering roles within its 14,000+ corporate job reductions to focus on AI and priority projects, prioritizing leaner operations and faster decision-making amid potential f…
Amazon (AMZN) Downgrades Outlook Amid Mass Layoffs as CEO Prioritizes Culture Over AI
Amazon CEO Andy Jassy justifies 14,000 layoffs as a cultural restructuring to increase agility, distancing from AI or financial causes. This move aligns with industry trends targeting bureaucracy red…
Amazon (AMZN) and Microsoft (MSFT) Slash Thousands of Jobs Amid AI Investment Push
Major US companies like Amazon and Microsoft announced significant layoffs amid rising AI investments and operational cost pressures, signaling uncertainty in the job market and ongoing corporate res…
Amazon (AMZN) Cuts 14,000 Jobs to Boost Efficiency Amid AI Push
Amazon announces plans to cut 14,000 corporate jobs, streamlining its workforce and emphasizing AI-driven innovation, with most employees given 90 days to find new internal roles.
Amazon (AMZN) Cuts 30,000 Corporate Jobs in Major Cost-Cutting Move Amid Pandemic Overhang
Amazon plans to cut up to 30,000 corporate jobs, about 10% of its corporate workforce, to reduce costs after pandemic-related overhiring, marking its largest layoffs since late 2022.
Meta (META) Reorganizes AI Division with Job Cuts to Accelerate Innovation
Meta is cutting 600 jobs in its AI division to streamline operations and boost agility, aiming to speed decision-making without losing talent amid its AI race.