The hardware teams within Reality Labs, responsible for headsets and intelligent sunglasses, are required to reduce spending by 20% by 2026, with the majority of the cost-cutting expected to occur this year.
Mark Zuckerberg's initial vision of focusing the entire company on the metaverse has shifted, as the company has already spent billions on the project despite significant losses and growing criticism.
Criticism of the metaverse project has come from both internal sources and shareholders, with concerns about the sentiment that 'an empty world is a sad world' and confusion surrounding the company's priorities.
Collection
[
|
...
]