Meta shuts Tel Aviv office amid Israel-Iran conflict
Business
Meta has temporarily closed its Tel Aviv office because of the Israel-Iran conflict, the closure affected about 900 employees, and the company offered hotel stays (for up to five days) to employees who lacked access to a shelter.
The office, opened in 2013, was a major hub for AR and VR projects.
Reality Labs lost $19.1 billion in 2025
Meta's Reality Labs lost $19.1 billion in 2025.
In response, Meta is shifting focus from VR to wearables after seeing smart glasses sales soar while VR headset sales dropped.
Meta's shift in focus
As part of its overhaul, Meta shut down three VR studios and canceled certain planned game projects, doubling down on wearables as the next big thing.