Meta plans to lay off hundreds of metaverse employees this week

Meta's Reality Labs squad is expected to suffer astir 10 percent of its staff, with layoffs concentrated connected the division's metaverse employees, arsenic reported by The New York Times. The layoffs are seemingly a broadside effect of Meta's AI ambitions, which are pulling absorption distant from its virtual world division.

According to the Times, Meta's main exertion officer, Andrew Bosworth, called a gathering for Wednesday that helium "urged unit to be successful person," saying it volition beryllium the "most important" gathering of the year. Bosworth oversees the Reality Labs division, which employs astir 15,000 people. Unfortunately, layoffs to Meta's VR squad whitethorn not travel …

Read the afloat communicative astatine The Verge.