Meta 'Deeply Saddened' in Latest Announcement

Meta, the parent company of Facebook and Instagram, announced some unfortunate news on Thursday as the company is laying off employees in its Reality Labs division.

Meta's Reality Labs division is tasked with developing virtual reality, augmented reality, and related wearable devices. Unfortunately, the company announced some layoffs in that division this week.

The company confirmed to CNBC on Thursday that it had cut an unspecified number of employees working in the Oculus Studios unit, which develops VR and AR games and content for Meta’s Quest VR headsets.

“Some teams within Oculus Studios are undergoing shifts in structure and roles that have impacted team size,” a Meta spokesperson told CNBC. “These changes are meant to help Studios work more efficiently on future mixed reality experiences for our growing audience, while still delivering great content for people today.”

Among the employees impacted were those working on the Supernatural VR workout app. Meta confirmed this with a statement posted to the Supernatural official Facebook group.

“We’re deeply saddened to share that these changes have resulted in the loss of some of our incredibly talented team members,” the company said. “Their contributions have been instrumental in shaping our journey and yours, and their absence will be deeply felt.”

The latest layoffs come after Meta in February laid off 5 percent of its employees who were deemed to be the company's lowest performers.