Meta begins job cuts as it shifts gears from VR to AI wearables

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Meta Platforms began 2026 with a major strategic retreat from its “metaverse-first” vision, announcing the layoff of more than 1,000 employees within its Reality Labs division on Wednesday, January 14.

The cuts represent roughly 10% of the 15,000 employees in the division.

“This is part of that effort, and we plan to reinvest the savings to support the growth of wearables this year,” a company spokesperson told Bloomberg.

“We said last month that we were shifting some of our investment from metaverse toward wearables,” they added.

With this, the…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Meta begins job cuts as it shifts gears from VR to AI wearables


Meta Platforms began 2026 with a major strategic retreat from its “metaverse-first” vision, announcing the layoff of more than 1,000 employees within its Reality Labs division on Wednesday, January 14.

The cuts represent roughly 10% of the 15,000 employees in the division.

“This is part of that effort, and we plan to reinvest the savings to support the growth of wearables this year,” a company spokesperson told Bloomberg.

“We said last month that we were shifting some of our investment from metaverse toward wearables,” they added.

With this, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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