Meta, the parent company of Facebook, is planning to lay off employees in its Reality Labs division’s silicon unit focused on metaverse development. The company informed employees of the layoffs through an internal post. The layoffs could potentially impact Mark Zuckerberg’s plans for creating augmented and virtual reality products. Meta is also working on advanced AR glasses and smartwatches, with the first version expected to be completed next year. The unit mainly affected is the FAST unit, which designs custom chips for Meta’s AR/VR devices. Meta has been cutting jobs to address declining revenue growth and significant losses in the Reality Labs division.
Facebook plans another round of job cuts, employees in this division may be sacked today
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Facebook plans another round of job cuts, employees in this division may be sacked today
Meta, the parent company of Facebook, is planning to lay off employees in its Reality Labs division’s silicon unit focused on metaverse development. The company informed employees of the layoffs through an internal post. The layoffs could potentially impact Mark Zuckerberg’s plans for creating augmented and virtual reality products. Meta is also working on advanced AR glasses and smartwatches, with the first version expected to be completed next year. The unit mainly affected is the FAST unit, which designs custom chips for Meta’s AR/VR devices. Meta has been cutting jobs to address declining revenue growth and significant losses in the Reality Labs division.
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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