Meta shifts resources from the metaverse to AI devices

According to Odaily, Meta Platforms (META.O) has announced layoffs of over 1,000 employees in its RealityLabs division. This move is part of the company's strategy to shift resources from virtual reality (VR) and metaverse products to artificial intelligence (AI) wearable devices and mobile functionalities. According to an internal notice from Chief Technology Officer Andrew Bosworth, employees will begin receiving layoff notifications starting Tuesday morning. Previous foreign media reports indicated that this round of layoffs will affect about 10% of Reality Labs' approximately 15,000 employees. A Meta spokesperson stated: "We mentioned last month that we would shift some investments from the metaverse to wearable devices. These layoffs are part of that strategy, and we plan to reinvest the resources saved to support the growth of our wearable business this year." (Golden Ten Data)