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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