(Bloomberg/Kurt Wagner) — Meta Platforms Inc. plans to cut 10% of jobs in the company’s Reality Labs division, part of a broader strategy to shift money away from some virtual reality products and into other AI wearables.
The cuts are expected this week, according to a person familiar with the company’s plans who wasn’t authorized to speak publicly. Chief Executive Officer Mark Zuckerberg asked executives to look for budget reductions within the Reality Labs division late last year, including cuts to some of the company’s virtual reality and metaverse products, Bloomberg News previously reported.
Reality Labs, which houses units building VR headsets, AI glasses and the company’s metaverse products, has been losing billions of dollars per quarter for the past several years as the company invests in products that haven’t yet generated meaningful revenue.
Related Articles
Apple teams up with Google Gemini for AI-powered Siri Meta names former Trump adviser Dina Powell McCormick as president and vice chairman Musk’s X probed by UK over Grok’s thousands of sexualized images Alphabet’s rise to $4 trillion cements status as AI trade winner Google confirms multiyear AI deal to power Apple models, SiriIn December, executives discussed budget cuts as high as 30% for the metaverse group, which sits inside Reality Labs, Bloomberg News reported. The Reality Labs division has roughly 15,000 employees. The New York Times reported earlier on Meta’s plans for layoffs this week.
A spokesperson for Menlo Park, California-based Meta declined to comment.
More stories like this are available on bloomberg.com
©2026 Bloomberg L.P.
Hence then, the article about meta plans to cut 10 of jobs at company s reality labs division was published today ( ) and is available on mercury news ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Meta plans to cut 10% of jobs at company’s reality labs division )
Also on site :
- Sinkhole on East Franklin Street Closes Lanes; Chapel Hill Urges for Detours
- Fire crews and Hazmat teams responded to fire involving lithium ion batteries at Higuera Street facility
- Suspect in Mississippi synagogue fire laughed as he confessed to his dad, authorities say