Facebook parent company Meta has once again posted disappointing results for its metaverse-focused Reality Labs division, with little in the way of revenue compared to the mounting operational losses the arm is tallying up. In total, Meta has made an operational loss of $83.6 billion since it set up Reality Labs in 2020. Speaking to investors, Meta CEO Mark Zuckerberg said that Reality Labs was going to be focusing on "glasses and wearables" moving forward. Meta closed three virtual reality studios as part of a 10% jobs cut the company made to its Reality Labs division earlier this month. VR experts have said that the cuts at Reality Labs, and the decision to close three studios, is "in the short term… concerning".