"Meta's Reality Labs team is expected to lose around 10 percent of its staff, with layoffs concentrated on the division's metaverse employees, as reported by The New York Times. The layoffs are apparently a side effect of Meta's AI ambitions, which are pulling focus away from its virtual reality division. According to the Times, Meta's chief technology officer, Andrew Bosworth, called a meeting for Wednesday that he "urged staff to attend in person," saying it will be the "most important" meeting of the year."
"Bosworth oversees the Reality Labs division, which employs about 15,000 people. Unfortunately, layoffs to Meta's VR team may not come as a surprise - last month, Bloomberg reported Meta was planning to cut its metaverse budget by 30 percent. The layoffs to the metaverse team come as Meta's Ray-Ban smart glasses increasingly steal the spotlight from its VR headsets. Even if AI wasn't Meta's top priority right now,"
Meta's Reality Labs is expected to cut about 10 percent of its staff, with layoffs concentrated among metaverse employees. The reductions are tied to shifting priorities toward artificial intelligence, diverting attention from virtual reality work. Chief technology officer Andrew Bosworth called a Wednesday meeting he urged staff to attend in person and described as the most important meeting of the year. Reality Labs employs roughly 15,000 people. Bloomberg reported a planned 30 percent reduction in the metaverse budget last month. Ray-Ban smart glasses are drawing attention away from VR headsets. The metaverse has struggled to gain adoption, and many users consider the VR social platform dead. Meta declined to comment.
Read at The Verge
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