XR Daily News
Contact Us
  • Home
  • Virtual Reality
    • All
    • Apple VR
    • Meta VR
    • Newest Hardware VR
    • Other Companies VR
    • Pico VR
    • Pimax VR
    Virtual Reality in Schools

    Virtual Reality in Schools: What to Expect Over the Next 10 Years

    Geforce Now on Meta Quest 3

    Nvidia GeForce Now Coming to Meta Quest 3 and 3S This Month

    Mixed Reality Glasses meta cto

    Meta CTO Confirms Development of 110g Mixed Reality Glasses

    Meta Quest Pro rumored Meta Quest Pro 2

    Meta Quest Pro 2 Reportedly Launching in First Half of 2025, LG Collaboration in Talks

    Samsung XR Headset

    Samsung XR Headset is “Expected to Launch by the End of the Year”

    Beond Airline apple vision pro

    Beond Airline to Offer Apple Vision Pro for In-Flight Entertainment

    Trending Tags

    • Virtual Reality
    • PCVR
    • VR Games
    • Meta
    • Pico
    • Pimax
  • Augmented Reality
    • All
    • Apple AR
    • Meta AR
    • Newest Hardware AR
    • Newest Startups AR
    • Other Companies AR
    Meta Ray-Ban Glasses

    Meta Ray-Ban Glasses to Be Refreshed This Year with HUD Display Upgrade

    Meta AR Glasses

    ‘World’s Most Advanced’ AR Glasses from Meta to Launch for Internal Use This Year

    Almer Arc Enterprise AR Headset

    Almer Arc: Hands-On with Enterprise Remote Assistance “AR” Device

    Meta AR Glasses Whole Plan

    Meta’s Plan to Change the World with AR Glasses – This is How They Want to Do It

    Sirius Smart AR Ski Goggles AWE

    Sirius Smart AR Ski Goggles: Hands-On Experience and Exclusive Interview with Dimitri Charriere

    Immersed Visor

    Immersed Visor: New 4K Micro-OLED VR/AR Glasses Available for Preorder at $500 and $750

    Trending Tags

    • Mixed Reality
    • Meta
  • Software
    Geforce Now on Meta Quest 3

    Nvidia GeForce Now Coming to Meta Quest 3 and 3S This Month

    Meta Quest v62 SDK Multimodal

    Meta Quest v62 SDK Now Supports Simultaneous Hand + Controller Tracking and more

    Meta-Quest-UI-UX

    Big changes to Meta Quest’s UI/UX are coming – Confirmed by Meta’s CTO

    Steam Link Meta Quest

    NEW: Valve just Launched Free Steam Link app for Quest 2, 3, and Pro

    LMNL Engine Thumbnail

    LMNL Engine – New VR-Focused Lightweight Game Engine

    Meta Quest v57 Update

    Meta Quest v57 Update Arrives: Notable Improvements, But Still No Legs

    Trending Tags

    • Virtual Reality
    • VR Games
    • Mixed Reality
  • Games
    Apple Vision Pro Fruit Ninja

    This is how Fruit Ninja on Apple Vision Pro will look like

    Bulletstorm VR

    Highly Anticipated Bulletstorm VR Faces Short, but Unexpected Delay

    Vertigo 2

    New Vertigo 2 Update Brings More Replayability to the Game

    Arizona Sunshine 2

    New Arizona Sunshine 2 Trailer Reveals Real Gameplay

    Assassin's Creed Nexus VR Thumbnail

    New Assassin’s Creed Nexus VR Video Shows Unique Gameplay Mechanics and Advanced Parkour

    Pixel Ripped 1995 PSVR2

    Pixel Ripped 1995: A Nostalgic VR Adventure Lands on PSVR2

    Trending Tags

    • Virtual Reality
    • VR Games
    • Review
    • Mixed Reality
    • Meta
  • Reviews
    Thumbnail Kiwi Design RGB Vertical Stand Meta Quest 3 Review

    Kiwi Design RGB Vertical Stand & SPC Battery Strap: An Honest Review

    AMVR Knuckle Straps with Quest 3 Review

    AMVR Knuckle Straps for Quest 3 Review – Are Those the Best Controller Grips for Quest 3?

    Outta Hand Review

    Outta Hand Review: A Short but Jump-Packed VR Adventure

    TWISTEX Review

    TWISTEX on Meta Quest 2 Review: Promising, but Not Quite

    Kiwi Design Extended Controller Grips Review

    Kiwi Design Extended Controller Grips: The Perfect VR Upgrade – Review

    Kiwi Design Clip-On Headphones Review Thumbnail

    Kiwi Design Clip-On Headphones for Quest 2: In-Depth Review

    Trending Tags

    • Review
    • VR Games
    • Virtual Reality
    • Mixed Reality
    • Pimax
    • Pico
  • Rumors
No Result
View All Result
XR VR Daily News Logo
  • Home
  • Virtual Reality
    • All
    • Apple VR
    • Meta VR
    • Newest Hardware VR
    • Other Companies VR
    • Pico VR
    • Pimax VR
    Virtual Reality in Schools

    Virtual Reality in Schools: What to Expect Over the Next 10 Years

    Geforce Now on Meta Quest 3

    Nvidia GeForce Now Coming to Meta Quest 3 and 3S This Month

    Mixed Reality Glasses meta cto

    Meta CTO Confirms Development of 110g Mixed Reality Glasses

    Meta Quest Pro rumored Meta Quest Pro 2

    Meta Quest Pro 2 Reportedly Launching in First Half of 2025, LG Collaboration in Talks

    Samsung XR Headset

    Samsung XR Headset is “Expected to Launch by the End of the Year”

    Beond Airline apple vision pro

    Beond Airline to Offer Apple Vision Pro for In-Flight Entertainment

    Trending Tags

    • Virtual Reality
    • PCVR
    • VR Games
    • Meta
    • Pico
    • Pimax
  • Augmented Reality
    • All
    • Apple AR
    • Meta AR
    • Newest Hardware AR
    • Newest Startups AR
    • Other Companies AR
    Meta Ray-Ban Glasses

    Meta Ray-Ban Glasses to Be Refreshed This Year with HUD Display Upgrade

    Meta AR Glasses

    ‘World’s Most Advanced’ AR Glasses from Meta to Launch for Internal Use This Year

    Almer Arc Enterprise AR Headset

    Almer Arc: Hands-On with Enterprise Remote Assistance “AR” Device

    Meta AR Glasses Whole Plan

    Meta’s Plan to Change the World with AR Glasses – This is How They Want to Do It

    Sirius Smart AR Ski Goggles AWE

    Sirius Smart AR Ski Goggles: Hands-On Experience and Exclusive Interview with Dimitri Charriere

    Immersed Visor

    Immersed Visor: New 4K Micro-OLED VR/AR Glasses Available for Preorder at $500 and $750

    Trending Tags

    • Mixed Reality
    • Meta
  • Software
    Geforce Now on Meta Quest 3

    Nvidia GeForce Now Coming to Meta Quest 3 and 3S This Month

    Meta Quest v62 SDK Multimodal

    Meta Quest v62 SDK Now Supports Simultaneous Hand + Controller Tracking and more

    Meta-Quest-UI-UX

    Big changes to Meta Quest’s UI/UX are coming – Confirmed by Meta’s CTO

    Steam Link Meta Quest

    NEW: Valve just Launched Free Steam Link app for Quest 2, 3, and Pro

    LMNL Engine Thumbnail

    LMNL Engine – New VR-Focused Lightweight Game Engine

    Meta Quest v57 Update

    Meta Quest v57 Update Arrives: Notable Improvements, But Still No Legs

    Trending Tags

    • Virtual Reality
    • VR Games
    • Mixed Reality
  • Games
    Apple Vision Pro Fruit Ninja

    This is how Fruit Ninja on Apple Vision Pro will look like

    Bulletstorm VR

    Highly Anticipated Bulletstorm VR Faces Short, but Unexpected Delay

    Vertigo 2

    New Vertigo 2 Update Brings More Replayability to the Game

    Arizona Sunshine 2

    New Arizona Sunshine 2 Trailer Reveals Real Gameplay

    Assassin's Creed Nexus VR Thumbnail

    New Assassin’s Creed Nexus VR Video Shows Unique Gameplay Mechanics and Advanced Parkour

    Pixel Ripped 1995 PSVR2

    Pixel Ripped 1995: A Nostalgic VR Adventure Lands on PSVR2

    Trending Tags

    • Virtual Reality
    • VR Games
    • Review
    • Mixed Reality
    • Meta
  • Reviews
    Thumbnail Kiwi Design RGB Vertical Stand Meta Quest 3 Review

    Kiwi Design RGB Vertical Stand & SPC Battery Strap: An Honest Review

    AMVR Knuckle Straps with Quest 3 Review

    AMVR Knuckle Straps for Quest 3 Review – Are Those the Best Controller Grips for Quest 3?

    Outta Hand Review

    Outta Hand Review: A Short but Jump-Packed VR Adventure

    TWISTEX Review

    TWISTEX on Meta Quest 2 Review: Promising, but Not Quite

    Kiwi Design Extended Controller Grips Review

    Kiwi Design Extended Controller Grips: The Perfect VR Upgrade – Review

    Kiwi Design Clip-On Headphones Review Thumbnail

    Kiwi Design Clip-On Headphones for Quest 2: In-Depth Review

    Trending Tags

    • Review
    • VR Games
    • Virtual Reality
    • Mixed Reality
    • Pimax
    • Pico
  • Rumors
No Result
View All Result
XR Daily News Logo | VR & AR News Logo
No Result
View All Result
Home Virtual Reality Meta VR

Meta Reportedly Paid Massive $1 Million for VR Developers

Cezary Sobociński by Cezary Sobociński
09/04/2023
in Uncategorized
0
Meta Great $1 Million Salary for Developers

Being Meta VR Developer wasn’t that bad before the layoffs

Meta, formerly known as Facebook, had a significant influence on the entire XR industry, particularly in the field of VR, after acquiring Oculus in 2014. The acquisition marked the beginning of Meta’s journey into VR development.

A serious movement was about to happen when Meta announced a change in its company name during the first Meta Connect 2021 event – from Facebook to Meta, a shortened version of Metaverse, the concept that Facebook was pivoting towards.

Since the announcement, Meta has been pouring an enormous amount of money into the research and development of VR and AR products and software. It is evident that the company aimed to eliminate any existing or potential competitors, offering talented senior developers salaries that reached as high as $1 million.

According to the Washington Post, Meta paid developers between $600,000 to nearly $1 million, or higher, to build out virtual reality-powered games, apps, and technology. Highly skilled and productive developers were offered these pay packages, which significantly exceeded the typical offers made by other companies.

Meta’s multibillion-dollar Investment

According to the article, other tech giants such as Google, Amazon, and Apple offer salaries much lower than Meta’s average of $538,800. Data shows that Apple pays $495,400 to its best developers, while Google pays $440,000 to VR programmers – both significantly less than the average salaries offered by Meta.

The eye-popping compensation packages for developers building Zuckerberg’s vision of the Metaverse are just a fraction of the multibillion-dollar investment that the company is making to create its VR world. Despite recent layoffs, Meta is still prioritizing research in VR and AR, which shows that the company is continuing to believe in the Metaverse concept despite earlier setbacks.

According to other sources, Meta is currently focusing primarily on AI research, which is not surprising. In the current race to develop advanced AI technology, Meta is one of the companies trying to catch up with OpenAI LLMs (Large Language Models) with its LLaMa AI. However, this focus on AI should not worry VR enthusiasts, as AI has the potential to enhance VR and AR experiences in many positive ways. For example, AI could generate entire virtual rooms or worlds using just one prompt, which is exactly what many people envision for the true Metaverse.

Meta vision - a man with AR Glasses working with digital monitors
Man working with AR Glasses. Image: Meta Connect 2021

Meta’s Struggle Amid Market Instability

The Washington Post article also reported that Facebook’s Parent-Company is currently facing significant economic challenges, with competition for user engagement problems in apps like Facebook and Instagram intensifying due to the popularity of TikTok. In addition, factors such as rising inflation, the war in Ukraine, and new privacy rules from Apple are only exacerbating Facebook’s existing problems.

This is why Mark Zuckerberg announced 2023 as the ‘year of efficiency‘ for Meta, as the company aims to become more streamlined and effective. This is part of a broader trend across the tech industry, where companies like Google and Amazon have implemented significant layoffs, resulting in at least 332,614 jobs being cut over the past two years, according to the article.

Additionally, Meta recently canceled a couple of VR products, including Project Cardiff, which was expected to be released as the Quest Plus, as well as an unknown Hermosa HMD, about which very little information is available.

In an attempt to become leaner and more efficient, Meta has announced plans to reduce its workforce and cut spending. The company’s high spending on numerous risky projects and its practice of offering extremely high salaries to its employees, combined with market instability, have made it challenging for Meta to execute its strategies and address its issues effectively.

Tags: MetaVR Developer
ShareTweet
Previous Post

Remaster of Creed Rise to Glory on PSVR2 – Are you Ready to Fight?

Next Post

New AI from Meta can revolutionize future VR and AR devices

Related Posts

Virtual Reality in Schools
Virtual Reality

Virtual Reality in Schools: What to Expect Over the Next 10 Years

by Cezary Sobociński
27/04/2025
Geforce Now on Meta Quest 3
Virtual Reality

Nvidia GeForce Now Coming to Meta Quest 3 and 3S This Month

by Cezary Sobociński
07/01/2025
Mixed Reality Glasses meta cto
Virtual Reality

Meta CTO Confirms Development of 110g Mixed Reality Glasses

by Cezary Sobociński
12/09/2024
Meta Quest Pro rumored Meta Quest Pro 2
Rumors

Meta Quest Pro 2 Reportedly Launching in First Half of 2025, LG Collaboration in Talks

by Cezary Sobociński
26/02/2024
Samsung XR Headset
Rumors

Samsung XR Headset is “Expected to Launch by the End of the Year”

by Cezary Sobociński
20/02/2024
Next Post
Meta AI SAM Thumbnail SI

New AI from Meta can revolutionize future VR and AR devices

Fruit Ninja VR 2 Thumbnail

Fruit Ninja VR 2 is available now on Meta Quest 2 & Pro

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of Use and Privacy Policy.

Recommended

Virtual Reality in Schools

Virtual Reality in Schools: What to Expect Over the Next 10 Years

27/04/2025
Meta Quest 3 BOM Quest 3 Facing Into Dark

Meta Continues to Operate at a Loss on Quest 3 – Production Costs Revealed

11/11/2023
Valve Index / Valve Deckard

Valve Deckard will be Revolutionary: Everything We Know

10/05/2023

Categories

  • Apple AR
  • Apple VR
  • Augmented Reality
  • Games
  • Meta AR
  • Meta VR
  • Newest Hardware AR
  • Newest Hardware VR
  • Newest Startups AR
  • Other Companies AR
  • Other Companies VR
  • Photo Gallery
  • Pico VR
  • Pimax VR
  • Reviews
  • Rumors
  • Software
  • Virtual Reality

For you

Virtual Reality in Schools
Virtual Reality

Virtual Reality in Schools: What to Expect Over the Next 10 Years

27/04/2025
xr daily news logo white VR

Keep up with the latest developments and get in-depth insights into the exciting worlds of VR, AR, MR, and beyond, by exploring our information portal.

Categories

  • Apple AR (11)
  • Apple VR (10)
  • Augmented Reality (30)
  • Games (29)
  • Meta AR (10)
  • Meta VR (29)
  • Newest Hardware AR (12)
  • Newest Hardware VR (23)
  • Newest Startups AR (2)
  • Other Companies AR (9)
  • Other Companies VR (15)
  • Photo Gallery (1)
  • Pico VR (4)
  • Pimax VR (3)
  • Reviews (12)
  • Rumors (21)
  • Software (22)
  • Virtual Reality (79)
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Use

© 2023 XR Daily News by Cezary Sobociński | All RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Virtual Reality
  • Augmented Reality
  • Software
  • Games
  • Reviews
  • Rumors

© 2023 XR Daily News by Cezary Sobociński | All RIGHTS RESERVED.