Mark Zuckerberg’s Meta to Lay Off 10% of ‘Reality Labs’ Workforce as Metaverse Plans Fade

Mark Zuckerberg’s Meta is moving forward with plans to reduce its Reality Labs division workforce by approximately 10 percent, affecting more than 1,000 employees in the unit responsible for developing the company’s virtual reality and Metaverse products.

TechCrunch reports that Meta is implementing significant workforce reductions within its Reality Labs division, the business unit dedicated to building the company’s metaverse experiences. The social media giant plans to eliminate roughly 10 percent of positions within the division, which currently employs approximately 15,000 people. The cuts are expected to impact over 1,000 employees.

The…

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