Facebook’s Oculus forms in-house virtual-reality film studio

By Piya Sinha-Roy PARK CITY, Utah (Reuters) – Facebook Inc's Oculus VR is getting into movies with an in-house studio dedicated to making virtual-reality films and will show its first short movie at the Sundance Film Festival on Monday, the company said. Tapping talent from both Pixar, the animation studio behind computer graphics imagery (CGI) films including “Toy Story” and “Monsters Inc,” and the video gaming world, Oculus' Story Studio will develop film content for virtual reality and advise other filmmakers seeking to try the technology

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IBM dismisses Forbes report of massive layoffs

(Reuters) – IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce. A report last Thursday on Forbes' website by pseudonymous Silicon Valley technology gossip columnist Robert Cringely said IBM planned to lay off 26 percent of its global workforce, or as many as 112,000 employees. This equates to several thousand people, a small fraction of what's been reported.” Last week, Chief Financial Officer Martin Schroeter told investors on IBM's fourth-quarter earnings conference call that the company was taking restructuring charges of around $580 million, but he did not specify the number of jobs affected

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