Meta Platforms is set to implement a workforce reduction, targeting roughly 10% of positions within its Reality Labs division. This strategic move aims to reallocate corporate resources away from virtual reality products and toward the development of artificial intelligence-powered wearable devices. The information comes from an individual with knowledge of Meta's internal plans, though they are not authorized to discuss them publicly. These layoffs are anticipated to occur this week.
Toward the end of the previous year, Meta's CEO, Zuckerberg, tasked senior leaders with identifying cost-saving measures within Reality Labs. These efforts included scaling back certain virtual reality and metaverse-related projects.
