Meta Platforms Considers Layoffs in Reality Labs Division

According to Odaily, Meta Platforms is contemplating layoffs within its Reality Labs division, specifically targeting the branch involved in 'metaverse' operations. Three informed employees revealed that the company might initiate these layoffs as early as next month, potentially affecting 10% to 30% of the team. This team primarily focuses on VR headsets and VR-based social networks. Reality Labs comprises the metaverse and wearable devices departments. Sources indicate that management plans to redirect the savings from these layoffs towards the AR glasses project. Meta launched AR glasses in collaboration with Ray-Ban in 2021, surpassing internal sales targets. Insiders report that Meta is reassessing its investments in the metaverse, with executives considering significant cuts to VR-related positions within the metaverse department.