Meta is shedding 10% of workers in its Actuality Labs division, which is core to growing the corporate’s VR and metaverse merchandise, the New York Times reported.
The publication famous that Actuality Labs had roughly 15,000 staff, and the job cuts might influence over 1,000 individuals.
Individually, CNBC reported that the corporate plans to close down studios reminiscent of Armature Studio, Twisted Pixel, and Sanzaru, together with a technical unit known as Oculus Studios Central Know-how, which was engaged on VR titles. Business Insider reported that the corporate’s CTO and head of Actuality Labs, Andrew Bosworth, known as for the “most essential” in-person assembly of the yr on January 14.
The NYT reported that the job cuts wouldn’t influence of us engaged on augmented actuality, as the corporate has huge ambitions to develop glasses and controllers. The report additionally famous that the cash saved from these cuts might be used for AR growth.
The information comes as Meta, which modified its whole model from to focus on the metaverse in 2021, is pouring its assets into AI growth. In October, the corporate moved metaverse head Vishal Shah to oversee AI products as a vice president, and final yr, reorganized to arrange its Superintelligence Labs after poaching Alexandr Wang from Scale AI. The corporate went on to offer top packages to researchers working at different labs to lure them to hitch Meta.
Meta didn’t instantly reply to a request for remark.
