Meta Cuts Jobs, Backs Out of Metaverse
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Metas metaverse ambitions take a hit as the company lays off workers across various teams, including Reality Labs, Facebook, recruiting, and sales. The global cuts follow the decision to mostly shut down Horizon Worlds app and shift focus away from the metaverse. Metas Seattle presence is also scaled back, with office leases let go and projects like a second Gehry building in Redmond put on hold. Despite the setbacks, Meta plans to invest heavily in AI data centers and wearables like smart glasses.
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