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AI News from ET - Meta plans to cut about 10% of employees in reality labs business

Vishwadeep Khatri
in AI News & Two Lenses

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The cuts to Reality Labs -- which has roughly 15,000 employees -- could be announced as soon as Tuesday. The layoffs would be a fraction of Meta's total workforce of 78,000, but are set to disproportionately affect those in the metaverse unit who work on virtual reality headsets and a VR-based social network, said the people, who asked not to be identified since they were not authorized to discuss confidential decisions. The cuts could end up affecting more than 10% of the division, one of the people said.

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