Meta Plans To Cut Around 10% of Employees In Reality Labs Division

Meta plans to cut roughly 10% of staff in its Reality Labs division, with layoffs hitting metaverse-focused teams hardest. Reuters reports: The cuts to Reality Labs, which has roughly 15,000 employees, could be announced as soon as Tuesday and are set to disproportionately affect those in the metaverse unit who work on virtual reality headsets and virtual social networks, the report said. [...] Meta Chief Technology Officer Andrew Bosworth, who oversees Reality Labs, has called a meeting on Wednesday and has urged staff to attend in person, the NYT reported, citing a memo. [...] The metaverse had been a massive project spearheaded by CEO Mark Zuckerberg, who prioritized and spent heavily on the venture, only for the business to burn more than $60 billion since 2020. [...] The report comes as the Facebook-parent scrambles to stay relevant in Silicon Valley's artificial intelligence race after its Llama 4 model met with a poor reception.

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