Meta layoffs, shifting resources from VR and the metaverse to AI devices

BlockBeats News, January 13th, Meta Platforms(META.O) announced layoffs of over 1,000 employees in its Reality Labs division. This move is part of the company’s strategy to shift resources from virtual reality (VR) and metaverse products to artificial intelligence (AI), wearable devices, and mobile phone functionalities.

According to an internal memo from Chief Technology Officer Andrew Bosworth, employees will begin receiving layoff notices starting Tuesday morning. Previously reported by foreign media, these layoffs will affect about 10% of Reality Labs’ approximately 15,000 employees.

A Meta spokesperson stated: “Last month, we mentioned shifting some investments from the metaverse to wearable devices. These layoffs are part of that strategy, and we plan to reinvest the resources saved to support growth in the wearable business this year.”(Jin10)