Meta Cuts 1,000+ Jobs, Shifts from Metaverse to AI Wearables
Meta begins restructuring its Reality Labs division, cutting over 1,000 jobs as it shifts focus from the metaverse to AI-powered wearables and mobile integration.
Meta begins restructuring its Reality Labs division, cutting over 1,000 jobs as it shifts focus from the metaverse to AI-powered wearables and mobile integration.
Meta is planning to cut 10% of its workforce in the Reality Labs division as it shifts priorities toward next-generation artificial intelligence development.
Meta plans to cut about 10% of employees in its Reality Labs division, affecting metaverse workers, as the company shifts focus amid AI competition.
Meta CTO Andrew Bosworth calls a crucial in-person meeting for Reality Labs on Jan 14, breaking remote culture amid $70B losses. Staff told to prioritise attendance.
Meta's CTO calls a crucial all-hands meeting as Reality Labs faces potential layoffs after $70B losses. Will Zuckerberg's hardware vision survive? Read the full report.
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Economist Dean Baker calls Meta's $77 billion Metaverse push a 'stupid' investment with high societal cost. Read his critique and Meta's new AI acquisition.
Meta postpones its Phoenix mixed-reality glasses launch to 2027 for a polished device. The lightweight goggles face budget cuts in the metaverse division. Read the full report.
Mark Zuckerberg announces deep cuts to Reality Labs and January layoffs after $70B metaverse losses. Meta pivots billions to AI like Llama and smart glasses. Investors cheer as stock jumps 6%. Read the full story.
Mark Zuckerberg's Meta is planning deep cuts of up to 30% in its metaverse division, Reality Labs, as the company pivots focus towards artificial intelligence. Read the full report.
Meta Platforms is planning deep cuts to its metaverse division, including Horizon Worlds, with potential layoffs. The shift comes as the company refocuses on AI. Read the full report.
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