Investing.com -- Facebook owner, Meta Platforms (NASDAQ: META ), announced layoffs within its Reality Labs division on Thursday. The restructuring move impacts teams within Oculus Studios, the company’s internal game development branch for Quest virtual reality headsets. Among those affected are employees involved in the development of titles like Supernatural, a VR fitness game.

As of December 31, 2024, Meta’s global employee count stood at 74,067. The Reality Labs division, responsible for the development and marketing of the Quest headset line, reported a loss of $5 billion in the fourth quarter.

Despite the financial setback, CEO Mark Zuckerberg continues to express confidence in Meta’s long-term dedication to augmented and virtual reality technologies. The recent layoffs and restructuring efforts are part of the company’s ongoing adjustments to navigate the evolving market.

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