"The cuts to Reality Labs - which has roughly 15,000 employees - could be announced as soon as Tuesday. The layoffs would be a fraction of Meta's total workforce of 78,000, but are set to disproportionately affect those in the metaverse unit who work on virtual reality headsets and a VR-based social network, said the people, who asked not to be named since they were not authorized to discuss confidential decisions. The cuts could end up affecting more than 10 percent of the division, one of the people said."
"Probably in 2025, we at Meta, as well as the other companies that are basically working on this, are going to have an AI that can effectively be a sort of midlevel engineer that you have at your company that can write code."
"And demand for both is increasing, slowly, but surely. Reality Labs grew its sales by 40% in 2024, with the popularity of its Ray Ban Meta glasses helping to drive adoption of its advanced products."
Reality Labs employs roughly 15,000 people and faces potential layoffs that could be announced as soon as Tuesday. The layoffs would represent a fraction of Meta's roughly 78,000-person workforce but would disproportionately affect the metaverse unit that builds virtual-reality headsets and a VR-based social network. Cuts could exceed 10 percent of the Reality Labs division. Meta predicts that by 2025 companies will have AI systems functioning as midlevel engineers capable of writing code. Demand for VR and related products is rising, with Reality Labs reporting 40% sales growth in 2024 driven in part by Ray-Ban Meta glasses.
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