Meta Cuts Staff in Oculus Studios as Part of Reality Labs Restructure Focused On Mixed Reality Efficiency Ahead Of Earnings

Meta has laid off staff in its Reality Labs division,  according to CNBC. The layoffs include members of Oculus Studios, which develops VR content for Meta’s Quest headsets. A Meta spokesperson said the cuts were due to restructuring within Oculus Studios to improve efficiency for future mixed reality projects. Staff working on the Supernatural VR workout app were also impacted. The layoffs follow February’s cut of 5% of Meta’s workforce, targeting underperformers. In Q4, Reality Labs posted a nearly $5 billion loss against almost $1 billion in sales. Meta is scheduled to report earnings on Wednesday.