Meta To Lay Off Employees in Metaverse Silicon Unit Tomorrow

Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, Reuters reported Tuesday, citing sources familiar with the matter. From the report: Employees were informed of the layoffs in a post on Meta's internal discussion forum Workplace on Tuesday. The post said they would be notified about their status with the company by early Wednesday morning, one of the sources said. Reuters was not able to determine the extent of the cuts to the silicon unit, called Facebook Agile Silicon Team, or FAST, which has roughly 600 employees, according to the other source. The FAST unit is tasked with developing custom chips to power the augmented and virtual reality hardware produced by Meta's Reality Labs division. Meta currently makes a line of mixed reality headsets called Quest and smart glasses designed with Ray-Ban eyeglass maker EssilorLuxottica that can stream video and speak with wearers through a new artificial intelligence virtual assistant.

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