Meta has announced job cuts within its Reality Labs division, the team behind its virtual reality (VR) and augmented reality (AR) technologies, including the popular Quest VR headsets. The layoffs mainly affected employees in Oculus Studios, the unit responsible for developing VR/AR games and content.
Why Is Meta Restructuring Reality Labs?
A Meta spokesperson stated:
“Some teams in Oculus Studios are undergoing structural changes to improve efficiency. These shifts will help us focus on future mixed-reality experiences while continuing to deliver great content.”
While the exact number of layoffs remains undisclosed, the cuts also impacted developers working on Supernatural VR, a fitness app. The official Supernatural Facebook group posted:
“We’re deeply saddened by the loss of talented team members who played a key role in our journey.”
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Meta’s Ongoing Cost-Cutting Measures
This isn’t the first time Meta has reduced its workforce. Earlier this year, the company laid off 5% of its employees, targeting underperforming staff. These moves are part of Meta’s broader strategy to streamline operations and stay competitive in the fast-changing tech industry.
Financial Struggles in Reality Labs
Despite heavy investments, Reality Labs has been losing money. Reports from January revealed:
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$4.97 billion operating loss in Q4 2023
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Only $1.1 billion in sales during the same period
This shows the high risks and costs of developing cutting-edge VR/AR technologies.
What’s Next for Meta?
Meta will release its latest earnings report this Wednesday, which may provide more clarity on its financial health and future plans. Despite these challenges, the company remains committed to its long-term metaverse vision, even as it makes tough internal adjustments.
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