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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 plans to cut Reality Labs spending by up to 30%, improving earnings and signaling a major strategic shift away from the costly metaverse effort, potentially unlocking stock upside amid mounting …
Meta plans up to 30% budget cuts for its metaverse division while reallocating resources to AI and smart wearables, reflecting a strategic pivot toward AI-driven growth amid slow metaverse adoption.
Meta surged 3.4% on plans to cut metaverse group staff amid broader market mixed signals, low jobless claims, and cautious consumer spending reflected in retail earnings.
Meta beats Q3 revenue and EBITDA forecasts with strong growth but faces EU antitrust probe and cuts metaverse spending by 30% in 2026 amid past heavy losses.
Meta plans deep cuts to its costly metaverse project while ramping AI investment, aiming for profitable growth. Despite heavy spending, investors remain cautious due to weak metaverse returns and com…
Meta's cost-cutting on metaverse projects boosts shares, but AI execution challenges persist. Focus shifts to AI talent investment amid mixed past results, supporting a cautiously optimistic outlook.
Meta plans up to 30% budget cuts in its Reality Labs unit amid metaverse enthusiasm decline, shifting focus toward AI and hardware like Ray-Ban smart glasses, with potential staff reductions early ne…
Meta plans up to 30% budget cuts for its Metaverse project despite strong premarket gains fueled by heavy AI and virtual reality investments.