Overview
- The reductions affect roughly 10% of Reality Labs, with about 1,500 roles eliminated, according to reports first detailed by the Wall Street Journal.
- Several first-party VR game studios were closed and Horizon Worlds continues in a scaled-back form, as reported by IGN and Futurism.
- Meta said the move reflects a shift in investment from metaverse projects to wearables, highlighting AI-enabled smart glasses.
- Reality Labs has tallied losses exceeding $77 billion since 2020, according to prior Wall Street Journal reporting.
- Meta paused some international shipments of its AI glasses due to inventory issues, and Bloomberg reported executives have discussed potentially expanding production if demand warrants it.