Meta plans to reduce investment in its Metaverse team to save funds for its VR headset business
Show original
By:格隆汇
Glonghui Jan 13|According to The New York Times, three informed employees revealed that Meta Platforms (META.O) is considering layoffs in a branch of its Reality Labs division engaged in “metaverse” business. The layoffs could begin as early as next month and may affect 10% to 30% of the team. This team is mainly responsible for VR headsets and VR-based social networks. Reality Labs consists of the metaverse division and the wearable devices division. Sources said that management expects to reallocate the funds saved from the layoffs into the AR glasses project. Meta partnered with Ray-Ban in 2021 to launch AR glasses, and their sales have already exceeded the company’s internal targets. According to insiders, Meta is re-evaluating its investment in metaverse-related projects. Within the metaverse division, executives are considering significant reductions in VR-related positions.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
US Strategic Bitcoin Reserve Stalls Amid Interagency Legal Complications
BTCPeers•2026/01/18 20:00
Large bitcoin investors have accumulated more coins than at any time since the FTX crash in 2022
101 finance•2026/01/18 19:06
Trump throws UK automakers into turmoil once again
101 finance•2026/01/18 19:06
Cryptocurrency Market Stirs Enthusiasm as Bitcoin Holds Strong
Cointurk•2026/01/18 18:54
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$95,322.81
+0.07%
Ethereum
ETH
$3,345.62
+0.92%
Tether USDt
USDT
$0.9996
+0.01%
BNB
BNB
$949.3
-0.27%
XRP
XRP
$2.05
-0.98%
Solana
SOL
$142.23
-1.41%
USDC
USDC
$0.9998
+0.01%
TRON
TRX
$0.3188
+0.78%
Dogecoin
DOGE
$0.1371
-1.09%
Cardano
ADA
$0.3923
-1.88%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now