Meta Layoffs Shift Resources From VR and Metaverse to AI Devices

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

According to a notice sent out internally by Chief Technology Officer Andrew Bosworth, employees will begin receiving layoff notices starting Tuesday morning. Previous reports from foreign media indicated that this round of layoffs will affect about 10% of the approximately 15,000 employees in Reality Labs.

A Meta spokesperson said: "Last month, we mentioned that we would shift some investment from the metaverse to wearable devices. These layoffs are part of that strategy, and we plan to reinvest the saved resources to support the growth of this year's wearable business." (Jinse Finance)