Meta Confirms Reality Labs Layoffs And Shifts To Invest More In Wearables

Around 10 percent of Meta's Reality Labs division, which develops its XR products and services, will beryllium laid disconnected opening connected Tuesday, arsenic reported by Bloomberg.

Meta spokesperson Tracy Clayton confirmed nan layoffs successful a connection to The Verge: "We said past period that we were shifting immoderate of our finance from Metaverse toward Wearables. This is portion of that effort, and we scheme to reinvest nan savings to support nan maturation of wearables this year."

Meta's Ray-Ban smart glasses person stolen nan spotlight from its VR headsets successful caller years, particularly pinch past year's motorboat of nan Meta Ray-Ban Display. So, it mightiness not travel arsenic a astonishment …

Read nan afloat communicative astatine The Verge.