Meta's Reality Labs posted a $4.2 billion operating loss in Q1 2025. According to CNBC, cumulative losses since 2020 now exceed $60 billion. From the report: Meta's Reality Labs unit is responsible for the company's Quest-branded virtual reality headsets and Ray-Ban Meta Smart Glasses. It's the key...
Compensation for engineers in the Bay area will average much higher than $200k, and that’s not counting benefits (medical, etc.). So cost to the company will be way higher than 200k/employee.
For a project that has hardware, there will be large expenses associated with that — custom silicon has huge setup costs, for example.