Meta plans layoffs in its Reality Labs unit

"Meta is preparing layoffs in its Reality Labs division, according to three people familiar with the matter who spoke with Business Insider. The teams working on the company's virtual reality headsets and Horizon Worlds, its VR-based social network, will be disproportionately affected, two employees said. Roughly 10% to 15% of Reality Labs' 15,000 employees are expected to be laid off, with the cuts set to be announced this week, The New York Times reported. Meta declined to comment."

"The move comes as Meta CTO and Reality Labs chief Andrew Bosworth has called a key division-wide meeting for Wednesday, describing it as the "most important" of the year and urging employees to show up in person, Business Insider previously reported. Reality Labs has been a costly bet for Meta, racking up more than $70 billion in losses since 2020. It has faced repeated rounds of cuts as Meta shifts its attention - and spending - toward AI."

Meta is preparing layoffs in its Reality Labs division. Teams working on virtual reality headsets and Horizon Worlds will be disproportionately affected. About 10% to 15% of Reality Labs' roughly 15,000 employees are expected to be laid off, with cuts set to be announced imminently. Meta CTO and Reality Labs chief Andrew Bosworth called a division-wide meeting, describing it as the most important of the year and urging employees to attend in person. Reality Labs has accumulated more than $70 billion in losses since 2020 and has faced repeated rounds of cuts as Meta shifts attention and spending toward artificial intelligence. Bosworth framed 2025 as a decisive year for the unit's future.

Read at Business Insider