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Meta Quest News Round-Up: Quest 2 Price Drop, Quest 3 Promo Extended, and Meta VR Studio Fund Launched

After six months on the market, the Quest 3 is garnering less attention than its new rival, the Apple Vision Pro. However, despite increased competition, the Quest headset range continues to sell well.  But without any major product launches on the horizon, it doesn’t mean Meta is not busy.  Recently, a series of smaller stories … Continue reading Meta Quest News Round-Up: Quest 2 Price Drop, Quest 3 Promo Extended, and Meta VR Studio Fund Launched

Meta Lays Off 11,000 Employees: What Does This Mean for the Metaverse?

Meta CEO Mark Zuckerberg has confirmed that 11,000 jobs are to go at the tech giant. This represents close to 13% of the company’s workforce.  In an internal memo, Zuckerberg blamed online commerce’s return to pre-covid trends, increases in competition, reduced advertising revenue, and a macroeconomic downturn. He went on to say that he takes … Continue reading Meta Lays Off 11,000 Employees: What Does This Mean for the Metaverse?