Meta Shakes Up Reality Labs 💔📉 Future Uncertain!

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Reality Labs Faces a Massive Reorganization
Meta is undertaking a significant restructuring within its Reality Labs division, announcing layoffs affecting approximately 10% of its workforce. This represents a considerable shift in strategy as the company navigates the challenges of the metaverse landscape.

Significant Job Losses Announced
Estimates suggest the layoffs could impact over 1,000 employees, given Reality Labs’ reported headcount of around 15,000. This action underscores the scale of the adjustments Meta is making within its ambitious virtual and augmented reality efforts.

Studio Shutdowns Trigger Further Cuts
The restructuring extends beyond personnel cuts, as confirmed by multiple sources. CNBC reported the closure of Armature Studio, Twisted Pixel, and Sanzaru, alongside the shutdown of Oculus Studios Central Technology. These studio closures represent a substantial reduction in resources previously dedicated to VR content creation.

AR Development Remains a Priority
Despite the widespread layoffs, Meta’s CTO and head of Reality Labs, Andrew Bosworth, clarified that these cuts wouldn’t impact augmented reality development. Instead, the savings generated from this reorganization will be strategically allocated to bolster and accelerate AR development initiatives, signaling a continued focus on this specific area within the company’s metaverse strategy.

This article is AI-synthesized from public sources and may not reflect original reporting.