Meta Pivots from Metaverse with Job Cuts, Focuses on AI and Wearables
Meta Pivots from Metaverse with Job Cuts, Focuses on AI and Wearables
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Meta has implemented approximately 1,000 job cuts within its Reality Labs division, signaling a strategic reallocation of resources. The company is shifting its focus and investments from metaverse development towards artificial intelligence, wearables, and mobile products.
The roughly 1,000 job cuts in Reality Labs come as Meta reallocates resources from the metaverse to AI wearables and mobile products.