Meta cuts jobs at Reality Labs division for AR and VR

Meta's AR and VR division has been burning money for a long time, costing the company billions as it chases its dream of birthing the ‘metaverse'. Now, company bosses are looking to bring the costs down and make its Reality Labs team more efficient. 

According to sources speaking with Bloomberg, Meta is undergoing a round of job cuts at its Reality Labs division, with “more than 100″employees set to be impacted.

A Meta spokesperson later gave comment to The Verge, confirming that “some teams” were undergoing layoffs. The goal with this is to make Mixed Reality development more efficient, which sounds like an admission that Meta Reality Labs has lost too much money and things need to start turning around.

Despite seeing little return, Meta has continued to invest in its Reality Labs division, putting out new Quest VR hardware and acquiring additional companies to bolster its mixed reality offerings.

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KitGuru Says: The writing has been on the wall for something like this, particularly after Meta's admission last year that it was losing $1 billion each month on Reality Labs projects. 

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