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Meta Reallocates Resources, Slashes Reality Labs Jobs to Boost AI Devices

1 min read
Source: Bloomberg.com
Meta Reallocates Resources, Slashes Reality Labs Jobs to Boost AI Devices
Photo: Bloomberg.com
TL;DR

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.

Topics:businesstechnology#ai-wearables#job-cuts#meta#metaverse#reality-labs#technology
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  1. Meta Begins Job Cuts as It Shifts From Metaverse to AI Devices  Bloomberg.com
  2. Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business  The New York Times
  3. Meta refocuses on AI hardware as metaverse layoffs begin  Engadget
  4. Meta's Reality Labs chief is calling the 'most important' meeting of the year, urging employees to show up in person  Business Insider
  5. VIDEO: Report of layoffs coming to Meta  KIRO 7 News Seattle

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