Top Meta executive speaks on job cuts following company rebrand
Meta's CTO, Andrew Bosworth, acknowledged painful layoffs in Reality Labs, admitting metaverse growth is slower than hoped. Despite billions in losses, he insists the company remains committed to VR and gaming, though scaling back ambitious bets. Bosworth stressed aligning investments with actual growth, calling it a crucial juncture for the metaverse vision.
Meta's CTO, Andrew Bosworth, acknowledged painful layoffs in Reality Labs, admitting metaverse growth is slower than hoped. Despite billions in losses, he insists the company remains committed to VR and gaming, though scaling back ambitious bets. Bosworth stressed aligning investments with actual growth, calling it a crucial juncture for the metaverse vision.
