Meta is cutting over 1,000 jobs (10% of Reality Labs’ workforce) as it shifts focus away from VR/Metaverse products toward AI-powered wearables and mobile features. Affected employees will be notified starting January 20. The division has lost over $70 billion since 2021, with many products failing to generate significant revenue. Meta is scaling back VR hardware investments to prioritize sustainability. Meta plans to redirect savings into AI-powered wearables, including expanding production of smart glasses (e.g., Ray-Ban) in partnership with EssilorLuxottica, targeting up to 20 million units annually by end of 2026. While Meta will still develop Metaverse products, it’s prioritizing mobile platforms and…
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