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Meta Cuts Jobs, Shifts Focus Amid $13.2B Losses

1/24/2026

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Summary

Story summary

Meta Platforms, Inc., per Andrew Bosworth, Meta's Chief Technology Officer, will shift Quest headsets from first-party to third-party games.
Meta Platforms, Inc. will scale back Horizon Worlds and remove Horizon Feed for mobile.
Meta Platforms, Inc. laid off 1,500 Reality Labs employees.
The company reports $13.2 billion losses for nine months of 2025 and is closing Austin studios.
Palmer Luckey, Oculus founder, says Meta remains committed to virtual reality (VR).

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Story summary

Meta Platforms, Inc., per Andrew Bosworth, Meta's Chief Technology Officer, will shift Quest headsets from first-party to third-party games.
Meta Platforms, Inc. will scale back Horizon Worlds and remove Horizon Feed for mobile.
Meta Platforms, Inc. laid off 1,500 Reality Labs employees.
The company reports $13.2 billion losses for nine months of 2025 and is closing Austin studios.
Palmer Luckey, Oculus founder, says Meta remains committed to virtual reality (VR).