Archives for Business - Page 17
Meta Lays Off Over 11,000 Employees
As widely expected, Meta has laid off over 11,000 of its employees, representing 13% of its 87,000-plus strong workforce. The massive layoffs mark a turning point in Meta’s growth trajectory.…
Turtle Beach to Offer a Compact VR Charging Dock
Gaming headphone and accessories manufacturer, Turtle Beach, will soon offer its own Quest 2 charging dock, thereby plunging the company into the VR accessories market. Preorders for the charging dock…
Upcoming Meta Layoffs May Dent Its Metaverse Ambitions
Mark Zuckerberg has bet big on the metaverse but the current economic headwinds and the slow uptake in the technology have seen the company hemorrhage money, something that has alarmed…
Meta to Start Steep Job Cuts From This Week
Meta is set to begin the steepest job cuts in the company’s history, the Wall Street Journal reports. Meta’s headcount stood at 87,314 at the end of September this year.…
Meta Adds Additional Optional Insurance For Quest 2 and Quest Pro
Meta is now providing optional accidental damage insurance coverage for its Quest 2 and Quest Pro virtual reality headsets. The program will enable users based in the US to insure…
PlayStation VR 2 Launching on February 2022, Priced at $549.99
Sony’s second-generation virtual reality headset, the PlayStation VR 2 is set to launch on February 22, 2022. This will be precisely one year following the headset’s reveal. The headset will…
Meta’s Next Enterprise Play is Anchored on the Metaverse
Meta’s B2B solution, Workplace, was initially conceived as a Facebook for enterprises. Meta later moved Workplace to its “Reality Labs” division charged with the company’s metaverse projects, thereby bringing the…
ForeVR Games Has Raised $10 Million in a Series A Funding
Virtual Reality gaming startup ForeVR games has raised $10 million in Series A funding that will go into growing the company’s library of its Wii Sports-like titles. At a time…
HaptX Launches Smaller and Better Haptic Gloves Costing from $4,500
Haptics manufacturer HaptX has unveiled its new model of haptic gloves, the HaptX Gloves G1, which are smaller, cheaper, and better. The new haptic gloves are also more comfortable, support…
Meta Quest 3 to Launch in Late 2023
Meta’s CFO told investors that the company’s “next generation consumer Quest” will hit the market “later next year”. Meta CFO Susan Li was speaking at the company’s Q3 2022 earnings…