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The seven people using Meta’s Horizon Worlds just got some potentially harrowing news: major metaverse cuts could be in the pipeline. According to a report from Bloomberg, Meta is expected to slash its Reality Labs budget, shaving off as much as 30%. Those cuts may be imminent, too, arriving as soon as January as Meta prepares its budget for the new calendar year.
Though Reality Labs comprises lots of different aspects of Meta’s XR and VR interests, Bloomberg says they will feature…
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The seven people using Meta’s Horizon Worlds just got some potentially harrowing news: major metaverse cuts could be in the pipeline. According to a report from Bloomberg, Meta is expected to slash its Reality Labs budget, shaving off as much as 30%. Those cuts may be imminent, too, arriving as soon as January as Meta prepares its budget for the new calendar year.
Though Reality Labs comprises lots of different aspects of Meta’s XR and VR interests, Bloomberg says they will feature…
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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