1,500 jobs | Meta axes 10% of roles from Reality Labs division

Meta has confirmed that it will make a significant reduction of its Reality Labs division, resulting in the loss of around 10% of its employees, with the biggest impact expected among staff working on the company’s metaverse projects.

The Reality Labs division, which employs roughly 15,000 people, includes teams developing products such as virtual reality headsets and virtual social networks. Those focused on the metaverse, a vision for fully immersive digital environments prioritized by CEO Mark Zuckerberg, are set to be disproportionately affected by the cuts.