Facebook is losing its last Oculus co-founder

Facebook spent billions on Oculus in 2014, and in the years given that, the organization has been absorbed deeper into Facebook though the startup’s co-founders have stepped back in prominence. Currently, the final Oculus co-founder remaining at Facebook, Nate Mitchell, announced he was leaving the business in an internal memo sent to personnel.

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The news was 1st reported by Alex Heath at The Information and facts. Mitchell confirmed the news quickly following on Twitter.

We’ve reached out to Facebook for comment.

Mitchell was Oculus’s head of solution management for virtual reality. Mitchell’s function has shifted quite a few instances in the previous handful of years at the business as the VR organization underwent a quantity of leadership shakeups.