"As we expected, Meta has begun laying off more than 1,000 employees from its Reality Labs division, which focused on virtual reality and metaverse products, Bloomberg reports. The company will refocus on developing wearables, like its recent batch of AI-powered Ray-Ban smart glasses, according to a memo from CTO Andrew Bosworth. The news isn't too surprising. Reality Labs has lost more than $70 billion since the beginning of 2021,"
"According to Bloomberg, Meta's metaverse plans will now focus on mobile devices, which could mean a combination of its future wearables as well as existing mobile apps. "With the larger potential user base and the fastest growth rate today, we are shifting teams and resources almost exclusively to mobile to continue to accelerate adoption there," Bosworth wrote in a memo to staff this morning."
Meta has begun laying off more than 1,000 Reality Labs employees and will refocus development toward wearables such as AI-powered Ray-Ban smart glasses. Reality Labs recorded losses exceeding $70 billion since early 2021, and consumer VR headset and metaverse investments failed to reach sustainable profitability. Resources and teams will shift almost exclusively to mobile, combining future wearables with existing mobile apps to reach a larger user base and accelerate adoption. VR headset work will continue in a leaner, flatter organization with a narrower roadmap intended to maximize long-term sustainability, delaying any near-term Quest 3 successor.
Read at Engadget
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