Meta is reportedly planning to cut around 10% of its Reality Labs workforce, according to recent reports. The division, which focuses on virtual reality, augmented reality, and metaverse development, has been a significant investment area for the tech giant despite ongoing losses.
Reality Labs has been instrumental in Meta's broader vision for building immersive digital experiences and the metaverse. However, the division has faced scrutiny due to substantial financial losses over the years. The potential workforce reduction signals a shift in Meta's strategic priorities as the company seeks to optimize spending and focus resources on high-priority projects.
This move reflects broader trends in the tech industry where companies are reassessing their metaverse and VR investments. While the metaverse remains a long-term vision for many tech firms, the immediate focus has shifted toward profitability and sustainable growth in emerging technologies.
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failed_dev_successful_ape
· 19h ago
Losing so much and still throwing money around, Meta is really outrageous.
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SchrodingerGas
· 01-14 15:08
Ha, another good show of "strategic adjustment." Reality Labs has been burning money for so many years and is still losing money. Now they are starting to offload assets, which essentially is a recalculation of the game equilibrium—marginal returns have fallen below sunk costs.
It's quite ironic; the narrative of "metaverse changing the world" that was popular back then now sounds as dreamy as the 2018 vision of public chains. Meta's move is essentially using talent attrition to correct expectations, and market efficiency is pounding on their long positions.
The Web3 community should reflect on this—truly immersive experiences depend on on-chain interaction costs being low enough, not on big players throwing money around. Just throwing money isn't a business model; that's a failure of capital allocation.
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MetaReckt
· 01-14 00:25
The metaverse dream is shattered, and Meta is still holding on.
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Spending so much money, they still have to admit defeat. Reality Labs should have been cut long ago.
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Wait, isn't this a covert admission that the metaverse project is a failure?
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10% layoffs indicate that Zuckerberg has finally woken up a bit.
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Invested so much money, yet still need to downsize. That's hilarious. Is this what you call all-in on the metaverse?
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Reality Labs: Our dream is grand, but our account balance doesn't allow it.
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So VR really isn't the future? Or did Meta choose the wrong direction?
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PumpAnalyst
· 01-12 22:04
It's the same old trick of cutting leeks again. Meta's recent moves are just to stop the bleeding; the Reality Labs pit has long been unescapable.
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10% layoffs? I think it's just the big players rebalancing their portfolios. The previous wave of VR hype was completely hype.
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I'm not trying to pour cold water, but the signal is very clear—metaverse rhetoric is outdated. Now, it's all about AI to boost the market.
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Attention to everyone who has jumped on the metaverse train: the technical indicators have broken down. It's advisable to take profits promptly and not wait for the limit-down.
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It's easy to be bearish, but Meta's proactive adjustment actually seems quite rational—much better than those projects that keep stubbornly holding on.
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Leeks, wake up! Big companies are already cutting their metaverse budgets. Are you still dreaming in the futures group?
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ShamedApeSeller
· 01-12 21:59
Losing everything and still throwing money away, now finally waking up
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pvt_key_collector
· 01-12 21:58
After burning money for so many years without any results, now they're starting to pass the buck.
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CoinBasedThinking
· 01-12 21:56
Sold, sold, the metaverse dream has shattered.
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GasFeePhobia
· 01-12 21:38
It's another moment of the metaverse dream shattering; Mark still has to pay the price for reality.
Meta is reportedly planning to cut around 10% of its Reality Labs workforce, according to recent reports. The division, which focuses on virtual reality, augmented reality, and metaverse development, has been a significant investment area for the tech giant despite ongoing losses.
Reality Labs has been instrumental in Meta's broader vision for building immersive digital experiences and the metaverse. However, the division has faced scrutiny due to substantial financial losses over the years. The potential workforce reduction signals a shift in Meta's strategic priorities as the company seeks to optimize spending and focus resources on high-priority projects.
This move reflects broader trends in the tech industry where companies are reassessing their metaverse and VR investments. While the metaverse remains a long-term vision for many tech firms, the immediate focus has shifted toward profitability and sustainable growth in emerging technologies.