Meta (META) Cuts 10% Reality Labs Staff Amid Metaverse Demand Slump and AI Competition
Meta plans to cut 10% of Reality Labs staff amid slow VR demand and challenges competing with AI leaders, signaling cost-cutting and strategic refocus.
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Recently added · Page 2Meta (META) Cuts 10% Reality Labs Staff, Shifts Focus to AI Amid Heavy Metaverse Losses
Meta plans to cut 10% of staff from its Reality Labs metaverse division to focus more on AI, reallocating funds toward wearables after heavy losses totaling $70 billion since 2020.
Meta (META) Slashes Reality Labs Workforce Amid $60B Metaverse Loss and AI Setbacks
Meta plans a 10% cut in Reality Labs, primarily impacting the metaverse unit after massive $60 billion losses; smart glasses succeed but metaverse vision struggles amid AI race challenges.
Meta (META) Shares Slide on Reality Labs 10% Workforce Cut Amid Metaverse Challenges
Meta announces a plan to cut about 10% of employees in its Reality Labs division, signaling cost-cutting amid challenges in its metaverse business.