PANews reported on December 5th, citing Bloomberg, that Meta CEO Mark Zuckerberg plans to significantly cut the Metaverse business budget, with reductions reaching up to 30%, and related layoffs potentially beginning as early as January. This restructuring primarily affects Meta Horizon Worlds and the Quest VR device, with the saved resources being redirected to emerging projects such as AI glasses and wearable devices. While Zuckerberg remains optimistic about the long-term potential of virtual worlds, Reality Labs has lost over $70 billion since 2021, and external doubts persist regarding the Metaverse strategy. Meta is also gradually shifting its focus towards AI technology and hardware products.PANews reported on December 5th, citing Bloomberg, that Meta CEO Mark Zuckerberg plans to significantly cut the Metaverse business budget, with reductions reaching up to 30%, and related layoffs potentially beginning as early as January. This restructuring primarily affects Meta Horizon Worlds and the Quest VR device, with the saved resources being redirected to emerging projects such as AI glasses and wearable devices. While Zuckerberg remains optimistic about the long-term potential of virtual worlds, Reality Labs has lost over $70 billion since 2021, and external doubts persist regarding the Metaverse strategy. Meta is also gradually shifting its focus towards AI technology and hardware products.
Meta plans to significantly streamline its metaverse, with budgets potentially cut by 30%.
PANews reported on December 5th, citing Bloomberg, that Meta CEO Mark Zuckerberg plans to significantly cut the Metaverse business budget, with reductions reaching up to 30%, and related layoffs potentially beginning as early as January. This restructuring primarily affects Meta Horizon Worlds and the Quest VR device, with the saved resources being redirected to emerging projects such as AI glasses and wearable devices. While Zuckerberg remains optimistic about the long-term potential of virtual worlds, Reality Labs has lost over $70 billion since 2021, and external doubts persist regarding the Metaverse strategy. Meta is also gradually shifting its focus towards AI technology and hardware products.
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