Joz might want to use the word now, just to make jokes.
Meta plans 10–30% layoffs in its Metaverse unit, shifting resources to AR glasses instead. The cuts signal a strategic retreat from VR-based social platforms, forcing tech leaders to reassess their spatial computing strategy and third-party investment priorities.
Mike Isaac, reporting for The New York Times, “Meta Weighs Cuts to Its Metaverse Unit” (gift link):
Meta is considering making cuts to a division in its Reality Labs
unit that works on the so-called metaverse, said three employees
with knowledge of the matter.
The cuts could come as soon as next month and amount to 10 to 30
Executives are considering potential budget cuts as high as 30% for the metaverse group next year, according to people familiar…
The layoffs come as Meta has been refocusing its efforts and pouring billions of dollars into AI.
Meta lays off 8,000 employees and cancels 6,000 hires while committing $145 billion to AI infrastructure, signaling a full…
Meta began laying off employees in its Reality Labs division focused on virtual reality and shut down several VR studios as it…
Meta starts fresh global layoffs affecting thousands as Zuckerberg pushes aggressive AI investments and major workforce…
More cuts at Meta as it works to run “more efficiently.“
