Meta closes Ready at Dawn, the studio behind Echo VR

August 9, 2024

Meta closes Ready at Dawn, the studio behind Echo VR

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One report in mid-July said that Meta was cutting its Reality Labs division’s budget by 20% by 2026, and an internal memo sent to Meta employees by Gio Hunt, VP Oculus Studios — seen by Android Central — supports this reasoning. A Meta spokesperson told Android Central that the cuts weren’t being made to “save money,” per se. Rather, these cuts are being made to ensure that Reality Labs stays within the new budgetary constraints and that Oculus Studios can make a “better long-term impact” in VR development.

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Meta closes Ready at Dawn, the studio behind Echo VR

August 9, 2024

Meta closes Ready at Dawn, the studio behind Echo VR

One report in mid-July said that Meta was cutting its Reality Labs division’s budget by 20% by 2026, and an internal memo sent to Meta employees by Gio Hunt, VP Oculus Studios — seen by Android Central — supports this reasoning. A Meta spokesperson told Android Central that the cuts weren’t being made to “save money,” per se. Rather, these cuts are being made to ensure that Reality Labs stays within the new budgetary constraints and that Oculus Studios can make a “better long-term impact” in VR development.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Researchers identify key circuit layer vulnerabilities in SNARK systems

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Ad group sued by Elon Musk reportedly disbands

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