India, April 25 -- Meta has reportedly carried out another wave of layoffs inside its Reality Labs division, a move aimed at streamlining operations and sharpening the company's focus on the future of mixed reality. The cuts affected an undisclosed number of employees, primarily within Oculus Studios, the creative force behind VR and AR games for the Meta Quest line of headsets. As per reports by The Verge and CNBC, the restructuring is yet another sign of the tough balancing act Meta faces as it tries to innovate in the still-nascent metaverse while keeping investors happy amid mounting costs.

A Meta spokesperson acknowledged the layoffs, noting the company is "restructuring to work more efficiently on future mixed reality experiences f...