Read

Meta

<div class="cryptonews"> 
 <p class="is-style-lead">Meta is reportedly planning to cut <a rel="noopener noreferrer nofollow" title="staff" href="https://thebittimes.com/tag/staff.html">staff</a> in their Reality Labs <a rel="noopener noreferrer nofollow" title="division" href="https://thebittimes.com/tag/division.html">division</a>, a wing of the tech company focusing on the <a rel="noopener noreferrer nofollow" title="metaverse" href="https://thebittimes.com/tag/metaverse.html">metaverse</a>. This will be the company’s second round of layoffs since 2022.</p> 
 <p>The Menlo Park-headquartered company has already notified employees about the layoffs, Reuters has learned, citing sources close to the matter. </p> 
 <p>The report says the changes will affect Facebook Agile Silicon Team, a unit focused on developing custom chips for Meta’s augmented reality (AR) and virtual reality (VR) devices. </p> 
 <p>Although it’s unclear how many workers are about to let go, Reuters notes the unit “has roughly 600 employees.”</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Meta’s Zuckerberg reveals new photorealistic avatars for metaverse 
 </div> 
 <p>With the layoffs, Meta wants to concentrate on “less bulky AR glasses” that look more like regular glasses, one of the sources told the media. The Facebook and Instagram parent company is said to complete the first version of these glasses in 2024, though no release date was given.</p> 
 <p>For Meta, this is the second round of layoffs since November 2022, when the company cut approximately 11,000 jobs in an effort to save money amid high inflation and concerns around Reality Labs’ high burn rate. </p> 
 <p>As of press time, Reality Labs has lost close to $34 billion in operating costs since its launch in Q2, 2020.</p> 
 <p>Despite the layoffs, Meta plans to double down on the <a rel="noopener noreferrer nofollow" title="metaverse" href="https://thebittimes.com/tag/metaverse.html">metaverse</a>. </p> 
 <p>As the company earlier said, beyond 2023 it expects to pace Reality Labs investments such that the firm can achieve its “goal of growing overall company operating income in the long run.”</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/meta-to-trim-staff-in-metaverse-division-amidst-restructuring-tbt65058.html">https://thebittimes.com/meta-to-trim-staff-in-metaverse-division-amidst-restructuring-tbt65058.html</a></p>

Meta to trim staff in metaverse division amidst restructuring

TheBitTimes

2023년 10월 4일에 게재된 다른 기사

Op-ed: Rookie mistakes don’t stop Musk’s gaming debut from drawing millions

Herbers & Company Study Reveals Disconnect Between Consumer Demands and Advisory Services

XRP Wallets Soar to 4.8M: Will XRP Hit $0.74 Soon?

Pfizer Stock Gains 5%: Can October Be The Game Changer For PFE?

South Korea to pilot wholesale CBDC with commercial banks

Is Apple Currently Near its Peak Valuation?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!