"Meta spokesperson Tracy Clayton confirmed the layoffs in a statement to The Verge: "We said last month that we were shifting some of our investment from Metaverse toward Wearables. This is part of that effort, and we plan to reinvest the savings to support the growth of wearables this year." Meta's Ray-Ban smart glasses have stolen the spotlight from its VR headsets in recent years, especially with last year's launch of the Meta Ray-Ban Display."
"So, it might not come as a surprise that Meta's pivoting to focus more on its AI glasses, and less on the largely-forgotten metaverse. Meta is not abandoning the metaverse completely, though. According to , an internal memo from Meta's chief technology officer Andrew Bosworth also mentioned a shift in the company's metaverse strategy. Rather than being a VR-first social platform, the metaverse will be focused more on mobile devices moving forward."
Around 10 percent of Meta's Reality Labs division, which develops XR products and services, will be laid off beginning on Tuesday. Meta confirmed the layoffs and stated the company is shifting some investment from the metaverse toward wearables and will reinvest savings to support wearables growth this year. Meta's Ray-Ban smart glasses and last year's Ray-Ban Display have outshone the company's VR headsets, prompting a pivot toward AI-powered glasses. The company is not abandoning the metaverse entirely; an internal memo from CTO Andrew Bosworth indicated a strategic shift from a VR-first social platform to a metaverse focused more on mobile devices. Reallocated resources will prioritize wearables development while maintaining a mobile-centered metaverse strategy.
Read at The Verge
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