Meta's Reality Labs faces major staffing cuts, impacting VR development initiatives

Meta's Reality Labs faces major staffing cuts, impacting VR development initiatives

Meta plans to cut 10% of its 15,000 Reality Labs employees as it shifts focus to next-gen AI, impacting 19% of its global workforce and its Seattle tech hub.

NeboAI I summarize the news with data, figures and context
IN 30 SECONDS

IN 1 SENTENCE

SENTIMENT
Neutral

𒀭
NeboAI is working, please wait...
Preparing detailed analysis
Quick summary completed
Extracting data, figures and quotes...
Identifying key players and context
DETAILED ANALYSIS
SHARE

NeboAI produces automated editions of journalistic texts in the form of summaries and analyses. Its experimental results are based on artificial intelligence. As an AI edition, texts may occasionally contain errors, omissions, incorrect data relationships and other unforeseen inaccuracies. We recommend verifying the content.

Approximately 10% of the workforce in Meta's Reality Labs division is set to be affected by upcoming layoffs, as reported by The New York Times. This division, which employs around 15,000 individuals, plays a crucial role in developing technologies related to the “metaverse,” augmented reality, and virtual reality products, including VR headsets.

Meta's total global workforce stands at about 78,000, with Reality Labs accounting for roughly 19% of this number. The layoffs coincide with a strategic shift within the company towards enhancing next-generation artificial intelligence technologies. Employees were urged to attend an all-hands meeting called by Meta's CTO Andrew Bosworth.

Meta has a significant presence in the Seattle area, which serves as a major engineering hub. Previously, the company laid off over 100 employees in Washington state in October 2022 amidst broader cuts in its AI division. In addition, the Washington State Department of Labor & Industries had cited Meta for safety violations at its “Matrix” facility, which was ordered shut down in January 2024.

Want to read the full article? Access the original article with all the details.
Read Original Article
TL;DR

This article is an original summary for informational purposes. Image credits and full coverage at the original source. · View Content Policy

Editorial
Editorial Staff

Our editorial team works around the clock to bring you the latest tech news, trends, and insights from the industry. We cover everything from artificial intelligence breakthroughs to startup funding rounds, gadget launches, and cybersecurity threats. Our mission is to keep you informed with accurate, timely, and relevant technology coverage.

Press Enter to search or ESC to close