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Meta Platforms is set to slash budgets by as much as 30% within its Reality Labs division. This strategic move is likely to have an impact on the Horizon Worlds project and could steer the company's business focus towards AI - powered wearable devices. It's worth noting that there's a bit of a misnomer in the original "Deeper Reality Labs" which might be a typo; assuming it's just emphasizing the situation around Reality Labs. The company is seriously considering even more substantial budget cuts for Reality Labs. Meta Platforms is in the process of contemplating significant reductions in resources allocated to the metaverse. As a result, employee lay - offs could commence as early as January. This decision is a clear indication of the company's strategic realignment following years of hefty investments in the metaverse.
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