In a significant shift towards artificial intelligence, Meta is reportedly preparing to lay off approximately 10% of its workforce from its metaverse division. The source reports that this decision underscores the company's strategic pivot as it reallocates resources to prioritize AI development.
Meta's Upcoming Layoffs
According to the New York Times, the layoffs could be announced as early as Tuesday, impacting around 1,500 employees from Meta's Reality Labs, which currently employs about 15,000 people.
Shifting Focus to AI
This move reflects a broader trend within the tech industry, where companies are increasingly focusing on AI capabilities amid growing competition and demand for advanced technologies. By cutting back on its metaverse investments, Meta aims to strengthen its position in the rapidly evolving AI landscape.
Recently, Meta announced its ambitious 'Meta Compute' initiative, aiming to enhance AI infrastructure and user experiences. This strategic shift contrasts with the company's recent decision to lay off 10% of its metaverse workforce. For more details, see Meta Compute.
