Facebook is losing its last Oculus co-founder

Facebook spent billions on Oculus in 2014, and in the years since, the organization has been absorbed deeper into Facebook while the startup’s co-founders have stepped back in prominence. Today, the final Oculus co-founder remaining at Facebook, Nate Mitchell, announced he was leaving the company in an internal memo sent to employees.

The news was first reported by Alex Heath at The Information. Mitchell confirmed the news soon after on Twitter.

We’ve reached out to Facebook for comment.

Mitchell was Oculus’s head of product management for virtual reality. Mitchell’s role has shifted several times in the past few years at the company as the VR organization underwent a number of leadership shakeups.