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Meta cuts over 1,000 jobs in major metaverse retreat

On HALO

3 weeks ago

Meta Inc. is beginning to cut 10% of employees, or more than 1,000 jobs, from its Reality Labs division as it shifts its investment away from metaverse products."We said last month that we were shifting some of our investment from Metaverse toward Wearables," a Meta spokesperson told FOX Business, adding that this action is part of that effort."We plan to reinvest the savings to support the growth of wearables this year," the spokesperson added.META'S MASSIVE NUCLEAR POWER DEALS WILL HELP US 'WIN' AI RACE AGAINST CHINA, EXECUTIVE SAYSThe impacted employees will be notified on Tuesday, an inter...