San Francisco, June 19: Mark Zuckerberg-run Meta has announced another round of layoffs, this time affecting Reality Labs. The company reportedly decided to separate the Reality Labs into two parts: Metaverse and Wearables. The latest round of Meta layoffs aims to focus more on the Metaverse and AR (augmented reality). Meta has laid off a small number of employees amid this new restructuring of Reality Labs, a business and research unit.
Meta Platform’s Reality Lab, previously known as Oculus VR, will reportedly focus on different aspects. According to reports, the Metaverse will focus mainly on the Oculus headsets and Wearables unit on Ray-Ban smart glasses. Meta created Reality Labs as a new division in 2020 for its hardware and Metaverse projects into Reality Labs, according to a report by Moneycontrol. Meta Layoffs: Mark Zuckerberg-Run Company To Lay Off Around 50 Incompetent Vice Presidents Amid Restructuring.
The report did not mention the exact numbers of the employees affected by the latest Meta layoffs; however, it suggested that it would be a small number of people. Meta CTO Andrew Bosworth sent out a memo to the employees informing them about the layoffs, Meta AI and company’s expansion strategy. The layoff memo informed the employees that Meta had the leading AI device in the market and would double down to find a strong product for wearable Meta AI. He reportedly highlighted that the company would build a business around it and expand the audience.
Andrew Bosworth further said that Meta’s north star would overlay digital content onto physical world seamlessly. He said this would remain the same but the steps would be more exciting. Mark Zuckerberg’s Meta would reportedly remain committed to its virtual reality platform, Horizon in terms of investment and bringing new experiences to the mobile and mixed reality. Chegg Layoffs: US-Based Edtech Company Announces To Lay Off 23% of Its Workforce Amid Restructuring, Witnesses 20.3% Increase in Post-Market Transactions.
Meta’s Chief Technological Officer also added in the memo that Meta hoped to reduce overhead and bring the employees across the team together. By doing so, they could execute a unified view of the customers and the best ways to serve them. According to a previous report, Meta was planning to lay off 50 VPs out of 300 due to restructuring.
(The above story first appeared on LatestLY on Jun 19, 2024 08:36 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
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