Meta plans to lay off hundreds of Metaverse employees this week

Meta’s Reality Labs team is expected to lose about 10% of its employees, with the layoffs focusing on the division’s employees, Metaverse reported. New York Times. The layoffs appear to be a side effect of Meta’s AI ambitions, which is pulling focus away from its VR division.

According to timesAndrew Bosworth, Meta’s chief technology officer, called a meeting for Wednesday and “urged employees to attend in person,” saying it would be the “most important” meeting of the year. Bosworth oversees the Reality Labs division, which employs about 15,000 people. Unfortunately, layoffs from Meta’s VR team may not come as a surprise — last month, Bloomberg He reported that Meta was planning this Cut their metaverse budget By 30 percent.

Meta declined to comment.