Meta has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel as part of its metaverse layoffs.
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#metaverse / Page 2
A big shakeup at Reality Labs.
More VR studio closures.
Meta has begun a massive set of layoffs in its reality Labs Division, as the company refocuses on developing AI-powered hardware.
Meta stock: Company cutting 1,500 Reality Labs jobs as it shifts from metaverse to AI after accumulating $70B in losses since 2020.
The cuts are expected to affect 10% of Reality Labs' approximately 15,000 employees, reports The New York Times, which cites three people with knowledge of the discussions. The publication says that the final figure could be even higher.Read Entire ...
Meta has appointed former Trump adviser Dina Powell McCormick its new president and vice chairman as the social media titan faces apparent leadership overhaul geared towards AI infrastructure ...
Meanwhile, CTO Andrew Bosworth has urged workers in the division to attend in-person meeting, said to be "most important" of the year, this week ...
Meta reportedly plans 10 percent reduction in Reality Labs staff, focusing on 'metaverse' projects, amid increased AI spending ...
Meta is preparing to cut roughly 10% of staff from its metaverse-focused division, a move that underscores the company's accelerating shift toward artificial intelligence. The post Meta to Cut Around 10% of Metaverse Unit as AI Takes Priority ...