Dan Reed has announced his resignation as COO of Meta's Reality Labs after nearly 11 years. His departure coincides with a significant restructuring effort within the division, which has seen over $60 billion in losses since 2020. Reed, who initially joined Meta to forge sports partnerships, reflected on the opportunities in AI and the metaverse. His exit comes as Meta integrates Reality Labs more closely with its core operations, redistributing leadership roles under new oversight from COO Javier Olivan, indicating a shift in strategic direction for the company.
Dan Reed, the chief operating officer of Meta's Reality Labs division, is stepping down after nearly 11 years at the company.
Reed announced his exit Wednesday in a LinkedIn post, reflecting on his time building what he described as a "fast-growing, multibillion-dollar consumer technology business".
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