Facebook-Owner Meta Tells Hardware Staffers To Prepare for Cutbacks

Facebook-owner Meta Platforms is preparing cutbacks in its Reality Labs division, a unit at the center of the company's strategy to refocus on hardware products and the 'metaverse,' a spokesperson confirmed to Reuters on Wednesday. From a report: Chief Technology Officer Andrew Bosworth told Reality Labs staffers during a weekly Q&A session on Tuesday to expect the changes to be announced within a week, according to a summary of his comments viewed by Reuters. The Meta spokesperson confirmed that Bosworth told staffers the division could not afford to do some projects anymore and would have to postpone others, without specifying which projects would be affected. She said Meta was not planning layoffs as part of the changes.

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