Meta scales back Reality Labs with hundreds of layoffs as AI push reshapes strategy
TL;DR Summary
Meta plans to lay off around 10% of its Reality Labs staff this week, with most cuts in the metaverse division, as the company pivots toward AI. CTO Andrew Bosworth has called an in-person meeting billed as the year’s most important, following earlier reports of metaverse budget cuts and a broader shift to AI.
- Meta plans to lay off hundreds of metaverse employees this week The Verge
- Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business The New York Times
- Meta Begins Job Cuts as It Shifts From Metaverse to AI Devices Bloomberg.com
- Meta's Reality Labs chief is calling the 'most important' meeting of the year, urging employees to show up in person Business Insider
- Meta refocuses on AI hardware as metaverse layoffs begin Engadget
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