Meta starts job cuts of about 10% in Reality Labs as it shifts from metaverse to wearables

Meta began notifying staff on January 13 of cuts across Reality Labs, the division that holds its VR and metaverse work, with Bloomberg reporting more than 1,000 jobs. Meta said it is moving some investment from the metaverse toward wearables. The cuts are a sign that Reality Labs spending is being reprioritized, although the exact headcount figure is not confirmed by the company.

• Cuts hit roughly 10% of the Reality Labs group of about 15,000 workers
• Bloomberg reported more than 1,000 jobs; the count is approximate
• Investment is being redirected from metaverse and VR toward AI wearables