"Reality Labs is a division of the social media giant primarily responsible for developing the company's augmented and virtual reality products. The division was responsible for spearheading Meta's failed metaverse virtual-reality world. How many jobs are being lost? An exact figure is not known, but according to media reports, Meta is aiming to cut about 10% of its Reality Labs workforce."
"Bloomberg reviewed an internal post to Meta's employees from the company's chief technology officer, Andrew Bosworth. In that post, Bosworth announced the 10% layoff estimate. Fast Company has reached out to Meta for comment. In the internal post Bosworth sent to employees, the CTO reportedly announced that Meta was shifting its priorities away from virtual and augmented reality, while metaverse resources will focus more on mobile device experiences as opposed to VR headsets."
Meta notified Reality Labs employees that up to 10% of positions could be eliminated, equating to about 1,500 jobs given a roughly 15,000-employee division. Reality Labs develops augmented and virtual reality products and previously spearheaded the company’s metaverse virtual-reality world. The company's chief technology officer announced the 10% layoff estimate and indicated priorities are shifting away from VR and AR toward mobile device experiences, AI, and wearables. Meta plans to reduce investments in VR to make the business more sustainable and to reinvest savings to support wearables growth this year. Exact final layoff numbers remain unconfirmed.
Read at Fast Company
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