Link: Meta plans to lay off hundreds of metaverse employees this week

Meta's Reality Labs team is slated to dismiss about 10 percent of its workforce, predominantly affecting the metaverse staff. This move follows a significant budget reduction in the division.

These layoffs reflect a strategic shift towards prioritizing artificial intelligence over virtual reality innovations within Meta.

Earlier, Andrew Bosworth, Meta's CTO and head of Reality Labs, had signaled the importance of an upcoming meeting, emphasizing its critical nature for the year.

Currently, Meta is showing greater interest in the development of Ray-Ban smart glasses, which are overshadowing its VR projects.

The metaverse has not been as successful as anticipated, with declining user interest suggesting that the VR social platform may be faltering.

Meta has opted not to comment on the layoffs. #

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Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.