Meta Reallocates Resources, Slashes Reality Labs Jobs to Boost AI Devices
TL;DR Summary
Meta Platforms is cutting more than 1,000 jobs from its Reality Labs division to redirect resources from metaverse/VR toward AI wearables and smartphone features, with Horizon refocused on mobile, ongoing VR investments pared back, and several in-house VR studios slated to close.
- Meta Begins Job Cuts as It Shifts From Metaverse to AI Devices Bloomberg.com
- Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business The New York Times
- Meta refocuses on AI hardware as metaverse layoffs begin Engadget
- Meta's Reality Labs chief is calling the 'most important' meeting of the year, urging employees to show up in person Business Insider
- VIDEO: Report of layoffs coming to Meta KIRO 7 News Seattle
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