Meta to trim staff in metaverse division amidst restructuring
Meta is reportedly planning to cut staff in their Reality Labs division , a wing of the tech company focusing on the metaverse . This will be the company’s second round of layoffs since 2022. The Menlo Park-headquartered company has already notified employees about the layoffs, Reuters has learned, citing sources close to the matter. The report says the changes will affect Facebook Agile Silicon Team, a unit focused on developing custom chips for Meta’s augmented reality (AR) and virtual reality (VR) devices. Although it’s unclear how many workers are about to let go, Reuters notes the unit “has roughly 600 employees.” You might also like: Meta’s Zuckerberg reveals new photorealistic avatars for metaverse With the layoffs, Meta wants to concentrate on “less bulky AR glasses” that look more like regular glasses, one of the sources told the media. The Facebook and Instagram parent company is said to complete the first version of the...