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DatingPro  »  Blog   »   Meta is planning layoffs in the division responsible for the metaverse

Meta is planning layoffs in the division responsible for the metaverse

Oct 11, 2023
< 1 minute read

Short summary:

  • Meta’s Reality Labs, specializing in metaverse technologies, faces imminent layoffs, as revealed to staff on an internal forum.
  • The division’s significant operational losses, including $3.99 billion in Q1 2023 alone, contrast sharply with Meta’s overall high earnings.
  • Despite a general decline in U.S. VR headset sales and price cuts for its Quest products, Meta remains focused on its Reels feature and the broader metaverse project.
  • The extent of the layoffs is currently unknown, and official comments from Meta are scarce.

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