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Behind Meta's Massive Layoffs: The Collapse of the Metaverse Dream and Strategic Shift After a $70 Billion Loss
【Blockchain Rhythm】In mid-January this year, tech giant Meta announced layoffs in its Reality Labs division, affecting over 1,000 positions, which accounts for 10% of the division’s total staff. This department is primarily responsible for VR/AR hardware and metaverse project development, which has been a strategic focus for Zuckerberg since 2014.
Data shows that Reality Labs is experiencing significant losses. Since 2021, the department’s cumulative operating loss has exceeded $70 billion, with a loss of $4.4 billion in just Q3 last year. Under this financial pressure, Meta has gradually shifted its focus from metaverse products to wearable devices, especially AI smart glasses.
This move marks a major strategic adjustment for the tech giant’s long-held “metaverse” vision. Years of investment have resulted in continuous massive losses, and Meta has finally decided to change course. For the entire Web3 and metaverse industry, this is undoubtedly a signal worth paying attention to.