Meta has laid off an unknown number of Reality Labs employees.As reported by The Verge, the Facebook and Meta Quest owner is currently restructuring Reality Labs into two groups: a 'Metaverse' organization that includes its Quest business and a 'Wearables' group that will house other hardware initiatives.The company has made some employees redundant as part of that restructure. The Verge claims a "relatively small number" of staffers were laid off, including some leaders within Reality Labs. Meta has laid off more than 20,000 workers since November 2022.An internal memo sent out by Meta CTO Andrew Bosworth (reprinted by The Verge) claims the shake-up will enable Meta to create a "more integrated product experiences across hardware, software, and experienc…
Sinn Studio has raised $2.5 million in funding, all of which is going to put be toward its next project.Per GamesIndustry, most of the money came from investment firm Hartmann Capital. CEO Alek Sinn called it and other contributors like Boost VC and Republic "the right partners" to help "redefine the future of combat in this exciting new era of spatial computing.""We spent seven years surviving the ups and downs of VR as a bootstrapped company, waiting for that industry-defining moment," he wrote. "We're incredibly grateful to Hartmann Capital and everyone else who joined our seed round."
Sinn's VR history
Sinn Stu…
The Nintendo Switch might be entering its golden years, but Nintendo believes the console will make history in the current fiscal year.The Japanese company expects the Switch to sell another 13.5 million units before April 2025. With the device having just topped 141.3 million lifetime sales, that would take the Switch to 154.8 million units sold—allowing it to squeeze past the Nintendo DS to become the company's best-selling console of all time.Nintendo shared the forecast in its fiscal report for the full-year ended March 31, 2024, and revealed that net sales increased by 4.4 percent year-over-year to 1.67 trillion yen ($10.8 billion). Net profit increased by 13.4 percent to 490.6 billion yen ($3.17 billion) during that time.That consolidated upswing came despite Switch hardware a…