Oculus cofounder and former CEO Brendan Iribe announced on Monday that he would be leaving Facebook.
Facebook spokesperson did not disclose an explicit reason for Iribe’s departure beyond saying: “He’s taking time off for the first time in 20 years.”
According to a TechCrunch report, however, Iribe had grown increasingly frustrated with the Facebook executive team, especially after last week’s cancelation of the “Rift 2,” which he had been leading.
Brendan Iribe, who served as Oculus CEO until 2016, announced on that he’s “moving on” from the virtual reality company he helped found, which was bought by Facebook in 2014.
“So much has happened since the day we founded Oculus in July 2012. I never could have imagined how much we would accomplish and how far we would come,” Iribe said in a Facebook post announcing his departure. “And now, after six incredible years, I am moving on.”
Nate Mitchell, an Oculus cofounder who has been heading the Rift and PC organization with Iribe at Facebook, will remain in his position and continue leading the team.
Iribe had grown increasingly frustrated with the Facebook executive team, especially after last week’s cancelation of the “Rift 2,” a PC-powered virtual reality headset that he had been heading the development of Iribe and Facebook had “fundamentally different views on the future of Oculus that grew deeper over time,” a person familiar with the matter told TechCrunch.
TechCrunch also reports that Iribe did not want to be a part of a “race to the bottom” when it came to performance.
The company is planning a future version of the Rift, and this was not the reason for Iribe’s departure, she said.
Iribe is the second Oculus founding member to leave Facebook in the last 18 months, after Palmer Luckey left in March 2017 amid controversy, which included a $500 million intellectual property suit brought against Oculus and its cofounders.
Outside of Oculus, Facebook has had a string of high-profile departures in recent months, including Instagram cofounders Kevin Systrom and Mike Krieger, and WhatsApp cofounder Jan Koum.