Executives are considering potential budget cuts as high as 30% for the metaverse group next year, according to people familiar with the talks.

The Facebook parent company changed its name to Meta in October 2021 to signal its pivot beyond social media.

Executives are considering potential budget cuts as high as 30% for the metaverse group next year, according to people familiar with the talks.

Social media company considers cutting unit’s budget by as much as 30%

Meta starebbe pianificando tagli al progetto del metaverso, che fa parte della divisione dei Reality Labs. Secondo Bloomberg, il motivo principale risiede nelle continue perdite a…