Meta confirms Reality Labs layoffs and shifts to invest more in wearables

Meta spokesperson Tracy Clayton confirmed the layoffs in a statement to The Verge: “We said last month that we were shifting some of our investment from Metaverse toward Wearables. This is part of ...

Meta Plans to Cut Around 10% of Employees in Reality Labs Business

The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on ...
eWeek

Meta Cuts 1,500 Reality Labs Jobs as AI Takes Priority

The cuts represent roughly 10% of the division's workforce and signal Meta's accelerating pivot away from its metaverse ...
Blockonomi

Meta Stock: Company Dumps 1,500 Metaverse Jobs After $70B Loss

Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.

Meta refocuses on AI hardware as metaverse layoffs begin

Meta has begun a massive set of layoffs in its reality Labs Division, as the company refocuses on developing AI-powered ...

'Drop what you're doing': Meta CTO calls Emergency-style all-hands meeting for reality labs. Here's why

The push for in-person attendance is unusual for the division, which oversees Meta’s wearables, virtual and augmented reality ...

Meta CTO Andrew Bosworth to hold high-stakes meeting, urging employees to attend: Report

Meta CTO Andrew Bosworth is reportedly set to hold what he calls the most important meeting of the year, urging Reality Labs ...