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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on April 24, 2025

    Featured image for article about Finance

    (Reuters) -Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday.

    The job cuts affect teams within Oculus Studios, Meta's in-house game development arm for Quest virtual reality headsets. Employees working on titles such as Supernatural, a VR fitness game, are among those impacted.

    "These changes are meant to help Studios work more efficiently on future mixed reality experiences for our growing audience," a Meta spokesperson said.

    Meta's global headcount stood at 74,067 as of December 31, 2024.

    Reality Labs, which oversees the development and marketing of the Quest headset line, incurred a loss of $5 billion in the fourth quarter.

    Despite this, Chief Executive Mark Zuckerberg remains optimistic about Meta's long-term commitment to augmented and virtual reality technologies.

    (Reporting by Priyanka.G in Bengaluru; Editing by Mohammed Safi Shamsi)

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