Meta layoffs: Facebook-parent begins job cuts in Reality Labs division, CTO Andrew Bosworth says ‘we are shifting…’
Meta's Reality Labs division is undergoing significant restructuring, with over 1,000 job cuts announced. This strategic pivot sees the tech giant shifting focus from its metaverse ambitions towards Artificial Intelligence, wearables, and mobile integration. The company aims for a more sustainable business model, reinvesting savings into growing its wearable technology segment, including smart glasses.
Meta's Reality Labs division is undergoing significant restructuring, with over 1,000 job cuts announced. This strategic pivot sees the tech giant shifting focus from its metaverse ambitions towards Artificial Intelligence, wearables, and mobile integration. The company aims for a more sustainable business model, reinvesting savings into growing its wearable technology segment, including smart glasses.
