Meta Platforms Inc. (NASDAQ: META) has laid off employees within its Reality Labs division, the unit responsible for the development of virtual and augmented reality technologies.

Meta is laying off teams in its Reality Labs division as a part of its restructuring efforts. The Reality Labs division includes employees working in Oculus studios, Meta's gaming wing. Meta's spokesperson said that,

Meta lays off Reality Labs staff, impacting Oculus Studios and VR fitness app Supernatural, while pursuing new hires and restructuring efforts.