Meta is expected to lay off approximately 1,500 employees from its Reality Labs division, focusing on virtual and augmented reality, amid mounting financial pressures. As its costly investments fail to gain traction, the company shifts priorities towards artificial intelligence and cloud infrastructure. CTO Andrew Bosworth has scheduled a crucial all-hands meeting, emphasizing the need for a pivotal strategy moving forward. The changes signal a more cautious approach to long-term projects, impacting Reality Labs' future viability.
Meta is expected to lay off approximately 1,500 employees from its Reality Labs division, focusing on virtual and augmented reality, amid mounting financial pressures. As its costly investments fail to gain traction, the company shifts priorities towards artificial intelligence and cloud infrastructure. CTO Andrew Bosworth has scheduled a crucial all-hands meeting, emphasizing the need for a pivotal strategy moving forward. The changes signal a more cautious approach to long-term projects, impacting Reality Labs' future viability.