Meta's Chief Executive Officer, Zuckerberg, has announced intentions to trim spending on metaverse - related initiatives by as much as 30%. This austerity measure forms a key part of the company's budgetary blueprint for 2026, encompassing the virtual - world offering Meta Horizon Worlds and its Quest virtual reality division.
Should substantial budget reductions be enacted, job cuts might commence as soon as January of the coming year. However, no definitive decision has been reached at this juncture.
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