Meta is reportedly laying off 10% of its Reality Labs staff. The New York Times reported the cuts, which could impact over 1,000 employees. Reality Labs is core to Meta's VR and metaverse product development.
The layoffs will not affect augmented reality teams. Funds saved will be redirected to AR development. CNBC reported Meta plans to shutter studios like Armature Studio, Twisted Pixel, and Sanzaru. Oculus Studios Central Technology, a VR-focused technical unit, will also close. Andrew Bosworth, Meta's CTO and head of Reality Labs, called for a key meeting on January 14, according to Business Insider.
The move signals a shift in Meta's priorities. The company is increasingly focused on artificial intelligence. Vishal Shah, former metaverse head, now oversees AI products as a vice president.
Meta rebranded in 2021 to prioritize the metaverse. Now, resources are flowing towards AI. The company reorganized last year to better integrate AI development.
Meta's future strategy will likely emphasize AI and AR. The company aims to develop advanced glasses and controllers. Further details on the restructuring are expected soon.
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