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.
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Recently added · Page 1Meta Platforms (META) Slashes Metaverse Budget by 30%, Shaking Investor Confidence
Meta Platforms plans significant budget cuts of up to 30% for its Metaverse division next year, signaling reduced investment in this strategic area.