Overview
- Multiple outlets report Meta plans to eliminate roughly 10% of Reality Labs roles, or about 1,500 jobs, with notifications expected this week.
- The reductions would fall more heavily on metaverse and VR teams, including efforts like Horizon Worlds, within a division of roughly 15,000 employees.
- The company is refocusing on AI‑enabled consumer devices, with Ray‑Ban smart glasses highlighted as a near‑term revenue opportunity.
- Bloomberg reports Meta and EssilorLuxottica are evaluating production targets around 20 million Ray‑Ban units in 2026, with higher volumes possible if demand holds.
- Reality Labs has logged tens of billions of dollars in cumulative losses since 2020, and Mark Zuckerberg asked leaders late last year to propose budget cuts.